Form Trec 38-5 - Notice Of Buyer'S Termination Of Contract

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11-2-15
PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)
EQUAL HOUSING
OPPORTUNITY
NOTICE OF BUYER'S TERMINATION OF CONTRACT
CONCERNING THE CONTRACT FOR THE SALE OF THE PROPERTY AT
(Street Address and City)
BETWEEN THE UNDERSIGNED BUYER AND
(SELLER)
Buyer notifies Seller that the contract is terminated pursuant to the following:
(1) the unrestricted right of Buyer to terminate the contract under Paragraph 23 of the
contract.
(2) Buyer cannot obtain Buyer Approval in accordance with the Third Party Financing
Addendum to the contract.
(3) the Property does not
satisfy Property Approval in accordance with the Third Party
Financing Addendum to the contract.
(4) Buyer elects to terminate under Paragraph A of the Addendum for Property Subject to
Mandatory Membership in a Property Owners' Association.
(5) Buyer elects to terminate under Paragraph 7B(2) of the contract relating to the Seller’s
Disclosure Notice.
(6)
Other (identify the paragraph number of contract or the addendum):
NOTE: Release of the earnest money is governed by the terms of the contract.
Buyer
Date
Buyer
Date
This form has been approved by the Texas Real Estate Commission for use with similarly approved or
promulgated contract forms. Such approval relates to this form only. TREC forms are intended for use
only by trained real estate license holders. No representation is made as to the legal validity or
adequacy of any provision in any specific transactions. It is not suitable for complex transactions. Texas
Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, (512) 936-3000 (http://
) TREC No. 38-5. This form replaces TREC No. 38-4.
TREC No.38-5

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