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Survey Addendum to Real Estate Purchase Contract - Utah
Survey Addendum to Real Estate Purchase Contract is a legal document that was released by the Utah Department of Commerce - Division of Real Estate - a government authority operating within Utah.
FAQ
Q: What is a survey addendum?A: A survey addendum is a document that is attached to a real estate purchase contract in Utah.
Q: What is the purpose of a survey addendum?A: The purpose of a survey addendum is to outline the details of a survey that will be conducted on the property.
Q: Why is a survey addendum important?A: A survey addendum is important as it helps to clarify property boundaries and identify any encroachments or issues that may affect the property.
Q: Who is responsible for paying for the survey?A: The buyer is typically responsible for paying for the survey, unless otherwise specified in the real estate purchase contract.
Q: Can the buyer request specific survey requirements?A: Yes, the buyer can request specific survey requirements to be included in the survey addendum.
Q: What happens if the survey reveals issues or encroachments?A: If the survey reveals issues or encroachments, the parties can negotiate how to address them, such as through additional negotiations or contingencies in the contract.
Q: Is a survey addendum legally binding?A: Yes, a survey addendum is legally binding once it is signed by both parties to the real estate purchase contract.
Q: Can a survey addendum be added after the purchase contract is signed?A: Yes, a survey addendum can be added after the purchase contract is signed if both parties agree to it and sign the addendum.
Q: Do all real estate transactions in Utah require a survey addendum?A: Not all real estate transactions in Utah require a survey addendum. It depends on the preferences of the parties involved and the specific circumstances of the property.
Q: Can a real estate agent provide guidance on the survey addendum?A: Yes, a real estate agent can provide guidance on the survey addendum as part of their role in assisting buyers and sellers with the real estate transaction.
Form Details:
- The latest edition currently provided by the Utah Department of Commerce - Division of Real Estate;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Utah Department of Commerce - Division of Real Estate.
