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Texas Property Code - PROP § 5.0205. Equitable Interest Disclosure

Current as of January 01, 2024 | Updated by Findlaw Staff

<Text of section § 5.0205 effective Jan. 1, 2024. Transferred from V.T.C.A., Property Code § 5.086 and redesignated as V.T.C.A., Property Code § 5.0205 by Acts 2023, 88th Leg., ch. 94 (S.B. 1577), § 27, effective Jan. 1, 2024. See, also, text of § 5.086 effective until Jan. 1, 2024. >

Before entering into a contract to sell an option or assign an interest in a contract to purchase real property, a person must disclose in writing to:

(1) any potential buyer that the person is selling only an option or assigning an interest in a contract and that the person does not have legal title to the real property; and

(2) the owner of the real property that the person intends to sell an option or assign an interest in a contract.

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Cite this article: FindLaw.com - Texas Property Code - PROP § 5.0205. Equitable Interest Disclosure - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-5-0205/

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