Condominium Act Form 5 In Texas
Description
Form popularity
FAQ
Section 82.153(c) requires the declarant to promptly amend the inium information statement to reflect material and substantial contents.
The resale certificate is a due diligence report for the buyer that allows them to understand how their property is affected by being in a homeowner's association (“HOA”). Obviously the buyer needs to understand what their initial capital contribution in that property will be.
When you're buying or selling a property within a homeowners association (HOA), a Texas HOA resale certificate is crucial for a smooth transaction. This document provides valuable information about the financial health and rules of the community.
Common Elements of the inium Corporation are the land and structures in the inium Corporation other than the units themselves, such as the exterior landscaped areas, recreational facilities, parking garage, hallways, elevators, corridors, public washrooms, lobby areas, driveways, garbage rooms, electrical ...
The Texas Uniform inium Act contains a provision which states that unless a declaration provides otherwise, a inium building may be terminated and sold if 100% of the owners agree. It also allows unit owners associations to adopt a rule allowing for a lower threshold of 80% of the votes.
While anyone may use forms promulgated by TREC, the 150-plus Texas REALTORS® forms are for the exclusive use of the association's members.
The disclosures required by Section 5.008, include (1) the presence and condition of equipment, fixtures and improvements; (2) the presence or absence of working smoke detectors; (3) defects in walls, foundations, plumbing, electrical, or other major components of the property, including “structural” components; (4) ...
Texas Administrative Code. (a) Standard Contract Form TREC No. 9-3 is promulgated for use in the sale of unimproved property where intended use is for one to four family residences.
While anyone may use forms promulgated by TREC, the 150-plus Texas REALTORS® forms are for the exclusive use of the association's members.
