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Chapter 4
Practice Notes
Forms
§ 4.1 General Considerations for Sales Contracts
§ 4.2 Real Estate Sales Contract
§ 4.3 Introductory Paragraph: Offer and Acceptance
§ 4.4 Purchase and Sale of Property
§ 4.5 Earnest Money
§ 4.6 Title and Survey
§ 4.7 Inspection Period and Buyer’s Right to Terminate
§ 4.8 Representations
§ 4.9 Condition of Property until Closing; Cooperation; No Recording of Contract
§ 4.10 Termination
§ 4.11 Closing
§ 4.12 Default and Remedies
§ 4.13 Miscellaneous Provisions
§ 4.14 Closing Functions
§ 4.15 Additional Considerations
§ 4.16 Additional Resources
4-1 Checklist [For Use with Real Estate Sales Contract]
4-2 Real Estate Sales Contract
4-3 Additional Clauses for Sales Contract
4-4 Escrow Agent Receipt and Escrow Agreement
4-5 Notice of Cancellation
4-6 Notice of Obligation to Pay Improvement District Assessment to [name of municipality or county levying assessment], Texas, Concerning the Following [Hotel] Property: [street address]
4-7 Notice Regarding Insulation to Buyer of New Home
4-8 Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards [Sales]
4-9 Asbestos Disclosure Notice [Sales]
4-10 Notice Regarding Sale Subject to a Recorded Lien
4-11 Storage Tanks Disclosure Provider
4-12 Notice to Purchaser Regarding Restrictive Covenants
4-13 Notice to Purchaser Regarding Coastal Area Property
4-14 Notice to Purchaser of Property Seaward of Gulf Intracoastal Waterway
4-15 Notice Regarding Possible Liability For Additional Taxes
4-16 Notice Regarding Possible Annexation
4-17 Notice for Unimproved Property in a Certificated Service Area of a Utility Service Provider
4-18 Utility District Notice
4-19 Notice to Purchaser of Property Located in Certain Annexed Water Districts
4-20 Notice to Purchaser That Property Is Located within the Area of the Alignment of a Transportation Project
4-21 Notice of Water Level Fluctuations
4-22 Waiver of Consumer Rights
4-23 Seller’s Disclosure of Property Condition
4-24 Access and Due Diligence Agreement
4-25 Option to Purchase [For Use with Real Estate Sales Contract]
4-26 Memorandum of Option
4-27 Right of First Refusal Agreement
4-28 Right of First Offer Agreement
4-29 Assignment of Real Estate Sales Contract [Short Form]
4-30 Assignment of Real Estate Sales Contract [Long Form]
4-31 Seller’s Consent to Assignment
4-32 Contract for Assignment of Real Estate Sales Contract
4-33 Letter of Intent
Form4-15
4 Sales Contracts and Transaction Guide
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