Condominium Form Real Document Format
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FAQ
Standard Contract Form TREC No. 30-1 is promulgated for use in the resale of a residential condominium unit where there is all cash or seller financing, an assumption of an existing loan, or a conventional loan.
Buyer and seller enter into a contract for buyer to purchase seller's condominium unit using the TREC Residential Condominium Contract.
The property owner must provide a potential buyer with association documents within ten days of an offer's acceptance. The buyer has five days from receipt to accept or reject these documents. The buyer then has five days from receipt to rescind his offer.
The goal of the Executive Summary is to provide information in clear, plain language or to provide specific references to the condominium documents where the topics are addressed.
Declaration of Condominium is a legal document filed with the state in which the condominium location will be notes, as well as establish the existence of the project.