If the REPC requires a deposit on the fourth day after acceptance, on which day should the deposit be made?

The requirement for the deposit to be made on the fourth day after acceptance indicates that the deposit is due exactly on that specified day. In real estate transactions in Utah, the Real Estate Purchase Contract (REPC) will often outline specific timelines for actions to be taken by both the buyer and seller. When the contract indicates a deadline for a deposit, it means that any required payment should be completed by the end of that specified day.

For this scenario, since the contract stipulates that the deposit must be made on the fourth day after acceptance, the correct timing for the deposit is indeed that day. It clarifies that the obligation is clear and ensures that all parties understand their responsibilities within the context of the agreement. Making the deposit on the fourth day aligns with the terms of the contract and maintains compliance with the outlined timelines to avoid any potential breach of contract.