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Related Definitions Unimproved property means property upon which no residential, commercial, or other building has been built. Based on 24 documents. 24. Unimproved property means property upon which no residential, Based on 22 documents.
Description: This contract form is for property that does not have physical buildings, additions or fixtures on the land. It is generally used for property that has been platted (has a recorded Lot/Block legal description).
As public records, contract forms adopted by the Texas Real Estate Commission are available to any person. Real estate license holders are required to use these forms. However, TREC contract forms are intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use.
Unimproved land is defined by its lack of services and utilities such as electricity, water, telephone or even street access. These plots are just large, open patches of land.
The Listing Agreement is a form promulgated by Texas Realtors which is composed of boilerplate clauses that protect both the seller and the Listing Broker. It is mostly required in order for that Broker to list the home.