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Contract ConcerningPROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREE) Page 1 of 10 (Address of Property)11072022UNIMPROVED PROPERTY CONTRACTNOTICE: Not For Use For Condominium TransactionsEQUAL.

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How to fill out the UNIMPROVED PROPERTY CONTRACT - TREC online

Filling out the Unimproved Property Contract - TREC online can seem daunting, but with the right guidance, you can complete it effectively. This guide provides a clear, step-by-step approach to help you navigate each section of the form with confidence.

Follow the steps to fill out the form accurately.

  1. Click the ‘Get Form’ button to access the Unimproved Property Contract form and open it in your desired document editor.
  2. In the first section titled 'Parties', enter the names of the seller and the buyer. Ensure that all parties involved are accurately represented.
  3. Next, provide detailed property information in the 'Property' section. Include the lot, block, addition, city, county, and address of the unimproved property.
  4. In the 'Sales Price' section, specify the cash portion payable by the buyer at closing and any other financing options applicable. Make sure to calculate the total sales price accurately.
  5. Address any leases in the 'Leases' section. Specify if the seller is aware of any existing leases and check the appropriate boxes regarding natural resource leases.
  6. For 'Earnest Money and Termination Option', fill in the necessary details for the earnest money and option fee, including delivery deadlines and conditions.
  7. Complete the 'Title Policy and Survey' section by providing details about the title insurance and survey requirements as applicable.
  8. Review the 'Property Condition' section to determine if the buyer will accept the property as-is or if specific repairs are required to be completed by the seller.
  9. Fill in the 'Closing' details specifying the date of the closing, and ensure that the terms of possession are clearly stated.
  10. Lastly, review the entire form for accuracy before saving any changes. You may then choose to download, print, or share the completed form as needed.

Start filling out your Unimproved Property Contract - TREC online today and ensure that all details are accurately captured.

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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).

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. Attempting to build any sort of structure would take significant work, but some have easements in place to make construction easier.

Example of a Lot/Block legal description. The other key distinction is that the unimproved property contract is generally used for property that has been platted. This means that it has a recorded Lot/Block legal description. This is different than a metes and bounds property description, as we'll see below.

Unimproved Property Contract | TREC.

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.

A Purchase and Sale Agreement A Purchase and Sale Agreement is contract between you and the person or company that is buying your Texas land. You can write the contract yourself. They don't need to be very complicated. Or, you can opt to use the Texas Real Estate Commission's 'Unimproved Property Contract.

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