|Pioneer 3-Day Cure Sheet|
The following is a guideline as to when a Cure Period Notice would be deemed applicable, when using the 2011 AAR Residential Resale Purchase Contract.
Calculating Time Periods
Section 8h, Line 353-354 & Section 8i, Lines 355-359 provide Cure Period calculation to be a 24 hour calendar day and the date of delivery notice does not count as the first day. The clock starts 12:01 a.m. next day after delivery. The last day of the period is included and ends at 11:59 p.m.
3-Day Cure Period Timeline
* Date that Signed Cure Period Notice is delivered to breaching party.
If COE falls on a day when the Title Company and/or Recorder's Office is Closed, COE will be on the next day both are open.
If breaching party does not cure breach within 3 days, Pioneer Title would then require a written instruction the following day from the non-breaching party to cancel the contract.