In this contract, seller agrees to sell and to convey to buyer and the buyer agrees to purchase from seller certain property described in the contract. The contract also states that the monthly payments, interest rates and other terms of some loans may be adjusted by the lender at or after closing. The contract also contains a section entitled Broker Information and Ratification of Fee? which states that the listing broker will pay the other broker a certain percentage of the total sales price when the listing brokers fee is received.
Texas Resale Form with Certificate of Completion: A Comprehensive Guide In the state of Texas, a resale form with a certificate of completion plays a crucial role in real estate transactions. This form acts as a legal document that verifies a completed property's compliance with building codes and necessary permits. It is typically used when selling or transferring ownership of a property. The Texas resale form with a certificate of completion serves as proof that relevant inspections and certifications have been obtained, ensuring that the property is safe and compliant with state regulations. Additionally, it helps protect buyers from unexpected liabilities that could arise due to inadequate construction or incomplete renovations. Now, let's delve into the different types of Texas resale forms with certificates of completion: 1. Residential Resale Certificate of Completion: This form is designed specifically for resale homes, ensuring that all required inspections and certifications have been completed before transferring ownership. It covers a wide range of aspects, such as electrical systems, structural integrity, plumbing, HVAC systems, and fire safety features. 2. Commercial Resale Certificate of Completion: This form is utilized for commercial properties, including office spaces, retail stores, warehouses, and more. It ensures compliance with all relevant building codes, safety regulations, and necessary permits required for commercial buildings. 3. Condominium Resale Certificate of Completion: For transactions involving condominiums, this type of resale form is used. It certifies that the condominium unit, as well as the common areas, have undergone the necessary inspections and obtained the required certifications. It covers aspects such as elevators, parking structures, shared amenities, and common utilities. 4. New Construction Resale Certificate of Completion: In cases where newly constructed properties are being resold, this specialized form is required. It establishes that the construction has been completed in accordance with all applicable codes, ensuring that the property is safe, habitable, and ready for occupancy. Regardless of the specific type, all Texas resale forms with certificates of completion require thorough documentation pertaining to the property's compliance and safety measures. This may involve permits, inspection reports, warranties, and any other relevant paperwork associated with building codes and regulations. In summary, a Texas resale form with a certificate of completion is an essential legal document that confirms a property's compliance with relevant regulations and ensures its safety for buyers. The different types of these forms cater to various property types, such as residential, commercial, condominiums, and new construction properties, ensuring a comprehensive approach to property transfer.
