Real Estate Contracts
Purchasing a Home with a Ground Lease
Question: We are buying a retirement home in an east Scottsdale community. After we received the title report, we were shocked to learn that the “owner” of our retirement home was actually a tenant under a 99-year ground lease for all of the homes in the community. Our real estate agent said that we are…
Read MoreBeneficiary Deed Not Revoked by a Will
Question: My wife’s father passed away ten years ago. My wife’s mother then executed a beneficiary deed to their Chandler family home to her daughter, and they both continued to live in this home. Two years ago when I married her daughter, my wife’s mother executed a will that gave the Chandler home to both…
Read MoreBreach of Lease Requires Landlord to Mitigate Damages
Question: We signed a one-year lease for a Scottsdale condominium for $2,800 a month. The lease was from April 1, 2020, to April 1, 2021. Last week we signed a purchase contract to buy a Chandler home. The close of escrow on the Chandler home will be January 31, 2021. We have notified our landlord…
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