N.H. Code Admin. R. Jus 1405.12
Purchase and Sale Agreement
Effective Oct 24, 2019(See Revision Note at chapter heading for Jus 1400) #9783-A, eff 9-11-10, EXPIRED: 9-11-18 New. #12657, INTERIM, eff 11-1-18, EXPIRED: 4-30-19 New. #12910, eff 10-24-19Attorney General, Department of Justice
(a) Declarants shall use a contract for the purchase or lease which includes:
- (1) Express notice of the purchaser’s 5 day right to cancel, as prescribed by RSA 356-B:50, II;
- (2) The name and address of the escrow agent designated to carry out the provisions of RSA 356-B:57; and
- (3) A space for acknowledgment of receipt of the public offering statement provided, however, that the space for acknowledgment need not be used with respect to offering any condominium for which a public offering statement is not required.
- (b) The escrow agent identified in the purchase and sale agreement shall be a person or entity unrelated to the declarant or any principal thereof and shall hold all escrowed funds pursuant to RSA 356-B:57 within the state of New Hampshire.
Source. (See Revision Note at chapter heading for Jus 1400) #9783-A, eff 9-11-10, EXPIRED: 9-11-18 New. #12657, INTERIM, eff 11-1-18, EXPIRED: 4-30-19 New. #12910, eff 10-24-19