Property Management
A Utah property manager who wants to evict a tenant for nonpayment must first serve a:
A30-day notice to vacate
B3-day notice to pay or quit✓ Correct
C14-day notice to pay or quit
D7-day notice to pay or quit
Explanation
Under Utah Code §78B-6-802, landlords must first serve a 3-day pay-or-quit notice when rent is overdue. If the tenant does not pay or vacate within 3 days, the landlord may file an unlawful detainer action.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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