Under Arizona law, all of the following are typically included in the 'Included Items' provision of a residential purchase contract EXCEPT:
Correct Answer
C) Personal property and furniture
Personal property and furniture are typically NOT included in the 'Included Items' provision unless specifically negotiated, as they are moveable items that belong to the seller. Option A is incorrect because built-in appliances and fixtures are typically included as they are attached to the property. Option B is incorrect because ceiling fans and light fixtures are usually considered fixtures that convey with the property. Option D is incorrect because landscaping and irrigation systems are typically included as they are part of the real property.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Liquidated damages are a predetermined amount of money specified in the contract that the non-breaching party is entitled to receive if the other party breaches. In real estate, the earnest money deposit typically serves as liquidated damages.
Novation is the substitution of a new contract for an existing one, or the replacement of one party with a new party, with the consent of all parties involved. The original party is completely released from all obligations.
Offer and acceptance is the process by which one party proposes specific terms for a contract and the other party agrees to those exact terms, creating mutual assent. This mutual agreement, also called a meeting of the minds, is an essential element of every valid contract.
More Az Contracts Questions
In a Scottsdale transaction review, a party asks whether contract cancellation always excludes every other possible remedy under Arizona law. Which statement should the broker communicate?
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What is the purpose of the AAR Buyer's Inspection Notice and Seller's Response form?
Under the current AAR Buyer Advisory, during an Arizona file audit in Yavapai County, a buyer assumes the Arizona Buyer Advisory is a guarantee that every due-diligence issue has already been verified by the broker. What should the parties assume under current Arizona rules?
- → In a Goodyear transaction review, a salesperson wonders whether all issues belong inside the core purchase contract body even when a specialized addendum exists. What is the best answer under current Arizona law or current Arizona form practice?
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- → In a licensing seminar in Peoria, a salesperson wonders whether all issues belong inside the core purchase contract body even when a specialized addendum exists. Which statement is most accurate under current Arizona rules?
- → In the AAR Residential Purchase Contract, what does the term 'Close of Escrow' specifically refer to?
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- → Under the current AAR Buyer Advisory, in a Glendale transaction review, a buyer assumes the Arizona Buyer Advisory is a guarantee that every due-diligence issue has already been verified by the broker. What is the most accurate response?
- → At Red Rock Desert Properties in Scottsdale, Under current Arizona rules, which statement best describes listing contract purpose?
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A Mesa homeowner signs a purchase contract that includes a provision allowing the seller to remain in the property for 30 days after closing as a tenant. The provision specifies daily rent and security deposit requirements. What type of provision is this?
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