AREA provides members with notice forms to support the Residential Purchase Contracts (RPC). First published in 2016, the General Notice form is the latest addition to our notice forms.
Each notice has pre-printed language suitable to its intended purpose, so that you do not need to insert additional wording. This mitigates the risk of error that comes with inserting your own wording. For example, the Notice (For waiver/satisfaction of conditions) includes the correct language to give notice to remove a condition:
“I, the _____ (seller or buyer), unilaterally waive or have satisfied the following condition(s):
To choose the proper form, look at the “for use” statement in red font beneath the title of each notice and select whichever best aligns with your needs. Examples:
When would you use the General Notice?
We have heard of situations where the General Notice form was used to waive conditions. This is not the intended purpose of the form, but it is not necessarily incorrect, if the appropriate wording is included to clearly communicate that a condition is being waived or satisfied.
What is the General Notice form used for? It is used by all parties to a contract to communicate important information to each other. It was created to help REALTORS® who called AREA and said, “I have to tell the buyer/seller something. What form should I use?” Unlike the other notice forms, it contains no guiding language. Among other reasons, you could use it for:
Contact the AREA Forms team with any questions about the General Notice or other AREA Forms – firstname.lastname@example.org or 1.800.661.0231.