R4-28-804. Rescission of Contract

A. Any agreement or contract for the purchase or lease of an unimproved subdivided lot, or any unsubdivided land, shall contain substantially the following language in bold print or print larger than the other print used in the document above the signature portion of the document: THE PURCHASER OR LESSEE HAS THE LEGAL RIGHT TO RESCIND (CANCEL) THIS AGREE- MENT WITHOUT CAUSE OR REASON OF ANY KIND, AND TO THE RETURN OF ANY MONEY OR OTHER CONSIDERATION BY SENDING OR DELIVERING A WRITTEN NOTICE OF RESCIS- SION TO THE SELLER OR LESSOR BY MID- NIGHT OF THE SEVENTH CALENDAR DAY FOLLOWING THE DAY THE PURCHASER OR LESSEE EXECUTED THE AGREEMENT. IF THE PURCHASER OR LESSEE DOES NOT INSPECT THE LOT OR PARCEL BEFORE THE EXECU- TION OF THE AGREEMENT, THE PURCHASER OR LESSEE SHALL HAVE SIX MONTHS TO INSPECT THE LOT OR PARCEL, AND AT THE TIME OF INSPECTION SHALL HAVE THE RIGHT TO UNILATERALLY RESCIND THE AGREEMENT. B. Any agreement or contract for the purchase or lease of a timeshare interval shall contain substantially the following language in bold print or print larger than the other print used in the document above the signature portion of the document: THE PURCHASER OR LESSEE HAS THE LEGAL RIGHT TO RESCIND (CANCEL) THIS AGREE- MENT WITHOUT CAUSE OR REASON OF ANY KIND BY SENDING OR DELIVERING A WRIT- TEN NOTICE OF RESCISSION TO THE SELLER OR LESSOR BY MIDNIGHT OF THE TENTH CALENDAR DAY FOLLOWING THE DAY THE PURCHASER OR LESSEE EXECUTED THE AGREEMENT. C. An opportunity to exercise rights of rescission shall be provided by conspicuously disclosing the complete and current name, address, telephone number, and email address of the seller on the face of all agreements and contracts. Delivery of all notices of rescission must be delivered in writing and are deemed delivered and received when hand delivered, sent via email, sent by courier service, or certified mail and seller must issue a receipt if hand delivered.