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Arizona Residential Purchase Agreement

An Arizona residential purchase agreement is a legal document outlining the terms and conditions for a buyer's purchase of residential property from a seller. The seller and buyer will negotiate the terms of the agreement, including purchase price, closing date, and property condition. Once signed by both parties, it becomes legally binding.
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Updated October 17, 2024

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Required Disclosures (6)

Comprehensive Loss Underwriting Exchange (C.L.U.E.) – The seller must provide the buyer with a report containing a list of any claims made on the property. This can be completed online via LexisNexis (Consumer Portal). The parties can also waive their rights through a waiver form.

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Condominium Disclosure – Applicable to a property sold within a homeowner’s association or condominium/planned community.[1]

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Lead-Based Paint Disclosure – Applicable to residences that were built prior to 1978.

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Property Disclosure Statement – The seller must disclose what they know regarding the property’s condition and known problems. Although this isn’t the only disclosure form accepted by the state, it is the most commonly used. A seller can also use the Assoc. of Realtors Property Disclosure Statement.[2]

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Soil Remediation Disclosure – The buyer must be notified if the property has been subject to soil remediation. This can be mentioned in the Property Disclosure Statement.[3]

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Swimming Pool Disclosure – The sale of a property with a pool requires the seller to provide this Department of Health Services notice to the buyer.[4]

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