Alaska Laws
- Requirement to Record: There is no requirement for a buyer to record an option-to-purchase in Alabama. A contract for the sale of real estate can be recorded within the recording district where the property is located (See Recording Districts).[1][2]
- Expiration: Constructive notice provided in an option-to-purchase ceases to be notice 30 days after the expiration date.[3]
- No Duration: If an option-to-purchase does not have an expiration date, it ceases to be constructive notice 6 months after recording.[4]
- Maximum Term: There is no maximum term for private option-to-purchase agreement, for public agreements, there is 40-year limit.[5]
- Signing Requirements: If the option-to-purchase is going to be recorded, it must be acknowledged with a notary public.[6][7]
Leasing Disclosures (3)
1. 7+ Days Absence – Required language that mentions if the tenant is to be absent for more than seven days, the landlord must be notified.[8]
2. Identification (Notices) – A person must be authorized to receive notices or demands from the tenant in the lease.[9]
3. Lead-Based Paint Disclosure & EPA Pamphlet – For any residence built before January 1, 1978.[10]
Selling Disclosures (2)
1. Property Disclosure Statement (Form 08-4229) – The seller must provide the buyer with a disclosure of all property defects.[11] However, this can be waived if both buyer and seller agree in writing.[12]
2. Real Estate Commission Consumer Pamphlet (conditional) – If one of the parties is working with a licensed real estate agent, this must be given to the other party.[13]