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Subject to Sale of Buyer's Property Addendum Utah Form

Subject to Sale of Buyer's Property Addendum Utah Form

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Instructions and help about Subject To Sale Of Buyer's Property Addendum Utah

- The UAR Subject to Sale of Buyer's Property Addendum, this is an important form that gets used every day. It's been in existence since 1999, with the latest version coming in July of 2020. This is meant to satisfy if a buyer checks under 2.2 of the REPC that they have to sell property that they own in order to purchase the seller's property. So in section one the buyer clearly identifies which property they own that they need to sell, in section one A it gives the buyer the right to cancel by the due diligence deadline or the financing and appraisal deadline whichever is later and allows the buyer to then get their earnest money back in completion. But under section one B if the buyer passes the financing appraisal deadline or the due diligence deadline whichever is later it still allows the buyer the right to cancel on or prior to the settlement deadline in the REPC. In which case the seller agrees to accept from the buyer, the earnest money amount as liquidated damages that is mean

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