Current through the 2024 Fourth Special Session
Section 57-30-101 - DefinitionsAs used in this chapter:
(1) "Common interest community" means the same as that term is defined in Section 57-25-102.(2) "Home warranty service contract" means the same as that term is defined in Section 31A-6a-101.(3) "Record" means to submit a document to a county recorder for official placement in a public land record.(4)(a) "Residential property service agreement" means, except as provided in Subsection (4)(b), an agreement to provide services in connection with: (i) the purchase or sale of residential real estate; or(ii) the maintenance of residential real estate in preparation for purchase or sale.(b) "Residential property service agreement" does not include: (i) a home warranty service agreement;(ii) an insurance contract;(iii) an agreement for an option to purchase or right of refusal;(iv) a maintenance or repair agreement between an owner of real property within a common interest community and a homeowners' association or other similar organization; or(v) an agreement to provide Internet or utility equipment or services.(5) "Residential real estate" means real property located in the state that is: (a) used primarily for a personal, family, or household purpose; and(b) contains fewer than five dwelling units.Added by Chapter 141, 2023 General Session ,§ 1, eff. 5/3/2023.