This bill proposes several updates to the current statutes regarding property sales in Arizona. It modifies the requirements for sellers of five or fewer parcels of land by clarifying that any subsequent seller must also complete and furnish a written affidavit of disclosure to the buyer. The bill introduces the role of an escrow agent, who may record the affidavit on behalf of the seller, and specifies that the escrow agent is not liable for inaccuracies in the affidavit. Additionally, it adds new requirements for disclosing information about private wells and on-site wastewater treatment facilities, including inspection dates and maintenance responsibilities.

Furthermore, the bill removes outdated language and consolidates various sections related to military airport zones and encumbrances on property title. It introduces a new exemption for sellers involved in trustee's sales, execution sales, or estate sales from providing an affidavit, while also ensuring that the beneficiary of a subdivision trust is responsible for the required disclosures. Overall, these changes aim to enhance transparency and clarify responsibilities in property transactions.

Statutes affected:
Introduced Version: 33-422