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CURE PERIOD NOTICE FOR THE AAR RESIDENTIAL RESALE REAL ESTATE PURCHASE CONTRACT (CONTRACT) Document updated: January 2009 1. Contract Dated: 2. Buyer: 3. Seller: 4. Escrow Company: 5. Premises Address:
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What is cure period notice?
Cure period notice is a document sent to inform a party of their failure to meet certain contractual obligations and provide them with a specific period of time to correct the issue before facing consequences.
Who is required to file cure period notice?
The party who believes the other party has breached a contract and wishes to give them an opportunity to cure the breach is required to file a cure period notice.
How to fill out cure period notice?
To fill out a cure period notice, include details of the breach, the specific requirement that was not met, the deadline for compliance, and the consequences of failing to cure the breach.
What is the purpose of cure period notice?
The purpose of cure period notice is to give the breaching party an opportunity to rectify their mistake before facing legal action or other penalties for non-compliance.
What information must be reported on cure period notice?
Information such as the specific contractual obligation that was not met, the deadline for compliance, consequences of failure to comply, and contact information for the sending party must be reported on a cure period notice.
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