COVID-19

Question: In your recent column the buyer of an expensive Carefree home no longer wanted to close escrow on the home because the COVID-19 crisis caused a change in the buyer’s financial circumstances. The buyer wanted to cancel the transaction and forfeit the $25,000 earnest money. Under the standard Arizona Association of Realtors (“AAR”) Purchase…

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rent invoice

Question: For eight years we have rented space in a Glendale office building for our travel business. Our lease included three parking spaces at a cost of $50 a month per parking space. Our office manager has paid the monthly rent invoice from our landlord every month for eight years. Last week our landlord said…

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