If a buyer purchases a parcel of land where the public report was required but not issued, how long does the buyer have to void the sale?

In Arizona, if a buyer purchases a parcel of land where a public report is required but was not issued, the buyer is given the right to void the sale within a specific timeframe. According to Arizona's residential real estate laws, the buyer has up to three years to rescind the purchase. The law is structured this way to protect buyers by providing them an adequate period to void a transaction that was made without the necessary disclosures that the public report would have provided.

This public report typically includes vital information about the property, such as zoning, potential use, financial obligations, and other critical factors that could influence a buyer's decision. Without access to this information through a public report, the buyer may not be fully informed about what they are purchasing, thus justifying the extended period to void the sale. This protection ensures that buyers have recourse against potential financial loss or misrepresentation due to a lack of necessary documentation at the time of the sale.