COVID-19 Real Estate Documents

 
 
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Property Access Certification

Novel Coronavirus is affecting the real estate industry in several ways. According to the Centers for Disease Control (CDC), the virus is primarily spread between people who are in close contact with one another (within about 6 feet) and through respiratory droplets produced when an infected person coughs or sneezes.
 
For this reason, sellers and landlords are understandably anxious about allowing third-parties to enter their property. To help address this concern, the Arizona REALTORS® has prepared a Model Covid-19 Certification for Property Access.
 
While the model form does not create a contractual agreement nor act as a release or waiver, it benefits the property owner by:
 
  • Raising the topic of COVID-19 contamination prior to entry into the home by others;
  • Prohibiting entry if any one of six criteria are met. For example, if the person seeking to enter the home is experiencing symptoms related to COVID-19 or has recently traveled to any location subject to a CDC Level 3 travel health global pandemic notice, they are not granted permission to enter.

CORONAVIRUS/COVID-19 ADDENDUM

The Arizona REALTORS® understands that the COVID-19 virus is impacting real estate transactions in unprecedented ways, including, but not limited to, travel restrictions, quarantines, and the cessation or limitation of business and governmental operations.
 
As a result, it may prove impossible or impractical for a party to timely complete their contractual obligations. To assist buyers and sellers experiencing such events, the Arizona REALTORS® has released a Coronavirus/COVID-19 Addendum.
 
The parties can use this form to amend the Purchase Contract to account for these unanticipated occurrences and may be executed by either party. 
 
  • The parties can agree to use the Coronavirus/COVID-19 Addendum at the time of contract formation.
  • Addendum can also be used at any point in the transaction prior to Close of Escrow. 
  • The parties can use this Addendum to postpone Close of Escrow to a date certain. 
  • The parties can use this Addendum to mutually cancel the Purchase Contract.