Utah Laws
Requirement to Record: Not legally required but does not establish notice to third parties unless recorded.[1]
Expiration: Under Utah law, constructive notice does not expire by statute.
Maximum Term: There is no maximum term for a lease with option to purchase.
No Duration: If the lease does not establish an expiration for the option to purchase, it will expire automatically at the end of the lease.
Signing Requirements: Must be in writing and signed by the seller.[2]
Required Disclosures (2)
1. Lead-Based Paint Disclosure – For properties built before 1978, landlords must notify tenants in writing of the possibility of the presence of lead-based paint.
2. Owner/Manager Information – Tenants must be given, in writing, the names of every person authorized to enter the premises.[3]
Seller’s Disclosures (2)
1. Buyer’s Due Diligence Checklist – Specifies the ways in which a buyer should inspect the property before purchasing. If a licensed agent sells a home, the agent may require the buyer to complete a checklist regarding the condition of the sale.
2. Seller’s Property Condition Disclosure – Licensed agents must disclose to buyers of any known material defects.[4]