Residential Condominium Contract Forms
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FAQ
Paragraph 6D If the buyer does not send their notice in this time period they have waived their objections. This paragraph also contains additional time periods for the buyer to object and for the seller to cure if the buyer receives an updated title commitment, survey or additional exception documents.
How is paragraph 2 of the unimproved property form different than some paragraphs found in the other forms? It is less complicated. Buyer and seller enter into a contract for buyer to purchase seller's condominium unit using the TREC Residential Condominium Contract with an effective date of January 15.
Paragraph 6 (D) is one of the most misunderstood sections in the TREC One to Four Family Residential Contract.
The answer is landlord and tenant. The answer is Paragraph 11, Special Provisions. Buyer submits an offer for buyer to purchase seller's property using the One to Four Family Residential Contract. Seller counteroffers, buyer accepts seller's counteroffer, and the buyer signs the contract.
This is the most frequently used contract form. It is used for the resale of residential properties that are either a single family home, a duplex, a tri-plex or a four-plex. It is not for use for condominium transactions, new homes being sold by a builder, or farm and ranch properties.
