Corpus Christi Texas Seller's Commercial Property Disclosure Statement

State:
Texas
City:
Corpus Christi
Control #:
TX-37014-A
Format:
Word; 
PDF; 
Rich Text
41 downloads

Description

This is a Texas commercial real estate and property sales disclosure statement.
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  • Preview Seller's Commercial Property Disclosure Statement
  • Preview Seller's Commercial Property Disclosure Statement
  • Preview Seller's Commercial Property Disclosure Statement
  • Preview Seller's Commercial Property Disclosure Statement
  • Preview Seller's Commercial Property Disclosure Statement

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FAQ

The seller's failure to provide the required disclosures entitles you to make claims for monetary damages for undisclosed defects under either the Texas Deceptive Trade - Consumer Protection Act or the Statutory Fraud Act.

THIS NOTICE IS A DISCLOSURE OF SELLER'S KNOWLEDGE OF THE CONDITION OF THE PROPERTY AS OF THE DATE SIGNED BY SELLER AND IS NOT A SUBSTITUTE FOR ANY INSPECTIONS OR WARRANTIES THE PURCHASER MAY WISH TO OBTAIN. IT IS NOT A WARRANTY OF ANY KIND BY SELLER OR SELLER'S AGENTS. Seller.

There is no obligation for the seller to disclose if the house is transferred or sold: By court order or foreclosure sale. To or from any governmental entity. As a new residence of not more than one dwelling unit which has not previously been occupied for residential purposes.

Is a Seller's Disclosure Required in Texas? Yes. Section 5.008 of the Texas Property Code requires anyone selling a single family home to fill out a seller's disclosure. It even has a script you can use to write your disclosure?so you know you've met all the requirements.

If the property is being sold by the executor of an estate, a seller's disclosure is not required. However, heirs at law and beneficiaries are not included in the list of exemptions and must therefore complete a seller's disclosure. Whether buying or selling, real estate law can be complex and confusing.

Texas is a non-disclosure state because no law exists that requires disclosure as is the case in other states. Zillow and a lot of other sites attempt to provide you a ?value.? The fact of the matter is that none of them have access to sold data.

Texas is one of a handful of states that are considered ?non-disclosure? states. This means there is no law that allows the state government, including appraisal districts, to force you to provide it with sales price information.

Every rule has exceptions?even in Texas. You don't need a seller's disclosure when you sell or give a house to your kids (such as in a will), your spouse (such as part of a divorce), someone you already co-own the house with, or the government. You also don't have to give a disclosure for a house that: You inherited.

Seller's disclosure requirements do not apply to foreclosure sales, or to the subsequent sale by a foreclosing lender (Texas Property Code Section 5.008). Foreclosure sales are also exempt from the federal lead-based-paint disclosure requirements.

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Corpus Christi Texas Seller's Commercial Property Disclosure Statement