The following is a guideline as to when a Cure Period Notice would be deemed applicable, when using the 2017 AAR Residential Resale Purchase Contract.
Calculating Time Periods
Section 8h, lines 409-410 and Section 8i, lines 411-415 provide a Cure period calculation to be a 24-hour calendar day and the date of delivery notice does not count as the first day. The clock starts 12:01 a.m. next day after delivery. The last day of the period is included and ends at 11:59 p.m.
3-Day Cure Period Timeline
* Date that Signed Cure Period Notice is delivered to breaching party.
If Close of Escrow (COE) falls on a day when the Title Company and/or Recorder’s Office is closed, COE will be on the next day both are open.
If breaching party does not cure breach within three days, Yavapai Title Agency would then require a written instruction the following day from the non-breaching party to cancel the contract.