One To Four Family Residential Contract Resale Page 8
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9Contract Concerning
Page 8 of 9
12-05 -2011
(Address of Property)
22. AGREEMENT OF PARTIES:
This contract contains the entire agreement of the parties and
cannot be changed except by their written agreement. Addenda which are a part of this contract
are (Check all applicable boxes):
Third Party Financing Addendum for Credit
Addendum for "Back-Up" Contract
Approval
Seller Financing Addendum
Addendum for Coastal Area Property
Addendum for Property Subject to Man-
Environmental Assessment, Threatened
datory Membership in a Property Own-
or Endangered Species and Wetlands
ers Association
Addendum
Buyer’s Temporary Residential Lease
Seller’s Temporary Residential Lease
Loan Assumption Addendum
Short Sale Addendum
Addendum for Sale of Other Property
Addendum for Property Located Seaward
by Buyer
of the Gulf Intracoastal Waterway
Addendum for Seller's Disclosure of Infor-
Addendum for Reservation of Oil, Gas
mation on Lead-based Paint and Lead-
and Other Minerals
based Paint Hazards as Required by Fed-
eral Law
Other (list):
23. TERMINATION
OPTION:
For nominal consideration, the receipt of which is hereby
acknowledged by Seller, and Buyer's agreement to pay Seller $
(Option Fee)
within 2 days after the effective date of this contract, Seller grants Buyer the unrestricted right to
terminate this contract by giving notice of termination to Seller within
days after the
effective date of this contract (Option Period). If no dollar amount is stated as the Option Fee or if
Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a
part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If
Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded;
however, any earnest money will be refunded to Buyer. The Option Fee
will
will not be
credited to the Sales Price at closing. Time is of the essence for this paragraph and strict
compliance with the time for performance is required.
24. CONSULT AN ATTORNEY:
TREC rules prohibit real estate licensees from giving legal advice.
READ THIS CONTRACT CAREFULLY. If you do not understand the effect of this contract, consult
an attorney BEFORE signing.
Buyer's
Seller's
Attorney is:
Attorney is:
Telephone: (
Telephone: (
)
)
Facsimile:
Facsimile:
(
)
(
)
E-mail:
E-mail:
EXECUTED the
day of
, 20
(EFFECTIVE DATE).
(BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.)
Buyer
Seller
Buyer
Seller
The form of this contract has been approved by the Texas Real Estate Commission.
TREC forms are intended for use only by trained real
estate licensees. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is not
intended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, (512) 936-3000 (http://
) TREC NO. 20-11. This form replaces TREC NO. 20-10.
Initialed for identification by Buyer
and Seller
TREC NO. 20-11
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