Contents |
Real Estate Commission Version
Real Estate Purchase Contract (REPC) – Provided by the Utah Real Estate Commission, this is the standard residential purchase contract designed for professional realtors.
Download: PDF
Required Disclosures (3) |
1) Lead-Based Paint
If the property was built before 1978, the seller must disclose the presence of lead paint on the premises the buyer give them a copy of the EPA information booklet.
|
2) Methamphetamine Contamination
If an owner or lessor has actual knowledge that their property has methamphetamine contamination, the information must be disclosed in the lease.
|
3) Property Disclosure Statement (Optional)
Discloses any known defects in the property being sold. Technically, the seller isn’t required to provide this disclosure. However, the seller’s listing agent is required to provide a property disclosure statement. This form is provided by the Utah Association of Realtors to be used only by licensed members. |
Buyer Beware
Utah is a caveat emptor state, which means that the seller of residential property is not liable for defects in the property found following the sale. However, the Supreme Court has ruled that the seller must disclose material defects that are undiscoverable from a standard inspection (Mitchell v. Christensen, 2001 UT 80). Therefore, the buyer should have a professional inspection of the premises completed prior to purchase to avoid liability. If the property is contaminated due to previous storage, manufacturing, or use of methamphetamine on the premises, the seller must disclose this information to the buyer before executing an agreement (§ 57-27-201).