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| Question | Answer |
|---|---|
| Form Name | Trec No 10 6 Form |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | trec addendum form, addendum sale property buyer, tx buyer form, addendum sale property |
PROMULGATED BY THE TEXAS REAL ESTATE COMMI SSI ON ( TREC)
AD D EN D U M FOR
SALE OF OTH ER PROPERTY BY BU YER
TO CON TRACT CON CERN I N G TH E PROPERTY AT
( Addr ess of Pr oper t y )
12 - 05 - 11
EQU AL H OU SI N G OPPORT U N I T Y
A. The cont r act is cont ingent upon Buy er 's r e ce ip t |
of |
t h e p r oce e d s fr om t he sale of Buy er 's pr oper t y |
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at |
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( Addr ess) on or befor e |
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, 20 |
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( t he Cont ingency ) . I f t he |
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Cont ingency is not sat isfied or w aiv ed by Buy er |
by t he abov e |
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dat e, |
t he cont r act |
w ill t er m inat e |
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aut om at ically and t he ear nest m oney w ill be r efunded t o Buy er . |
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NOTI CE: The dat e inser t ed in |
t his Par agr aph should be no lat er |
t han t he Closing Dat e specified in |
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Par agr aph 9 of t he cont r act . |
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B. I f Seller accept s a w r it t en offer t o sell t he Pr oper t y , Seller shall not ify Buy er ( 1) of such accept ance |
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AN D ( 2) t hat Seller r equir es Buy er t o w aiv e t he |
Cont ingency . Buy er m ust w aiv e t he |
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Cont ingency |
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on or before t he |
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day aft er Seller 's not ice t o Buy er ; |
ot h er w ise t he cont r act w ill |
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t er m inat e aut om at ically and t he ear nest m oney w ill be r efunded t o Buy er . |
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C. Buy er m ay w aiv e t he Cont ingency only by not ify ing Seller of t he w aiv er and deposit ing $ |
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w it h escr ow agent as addit ional ear nest m oney . |
All not ices and w aiv er s m ust be in w r it ing and ar e |
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effect iv e w hen deliv er ed in accor dance w it h t he cont r act . |
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D . I f Buy er w aiv es |
t he Cont ingency and fails t o close and |
fund |
solely due t o Buy er 's |
non - r eceipt |
of |
pr oceeds fr om Buy er 's pr oper t y descr ibed in Par agr aph |
A abov e, Buy er w ill be in default . I f such |
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default occur s, Seller m ay ex er cise t he r em edies specified in Par agr aph 15 of t he cont r act . |
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E. For pur poses |
of t his Addendum t im e is of t he essence; |
st r ict com pliance w it h |
t he t im es |
for |
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per for m ance st at ed her ein is r equir ed. |
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Buy er |
Seller |
Buy er |
Seller |
This for m has been appr ov ed by t he Tex as Real Est at e Com m ission for use w it h sim ilar ly appr ov ed or
pr om ulgat ed |
cont r act |
for m s. Such appr ov al r elat es t o t his for m |
only . TREC for m s ar e int ended |
for |
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use only |
by |
t r ained |
r eal est at e |
licensees. No r epr esent at ion is |
m ade as |
t o |
t he legal v alidit y |
or |
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adequacy |
of |
any pr ov ision in any |
specific |
t r ansact ions. I t |
is not |
suit able for |
com plex t r ansact ions. |
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Tex as Real |
Est at e Com m ission, P. O. Box |
12188, Aust in, |
TX 78711 - 2 188, |
512 - 936 - 3000 ( ht t p: / / |
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w w w . t r ex . t ex as. gov ) |
TREC No. 10 - 6 . This for m r eplaces TREC No. 10 - 5 . |
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TREC No. 10 - 6