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Texas Property Code - PROP § 5.064. Seller's Remedies on Default

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

A seller may enforce the remedy of rescission or of forfeiture and acceleration against a purchaser in default under an executory contract for conveyance of real property only if:

(1) the seller notifies the purchaser of:

(A) the seller's intent to enforce a remedy under this section;  and

(B) the purchaser's right to cure the default within the 30-day period described by Section 5.065;

(2) the purchaser fails to cure the default within the 30-day period described by Section 5.065;

(3) Section 5.066 does not apply;  and

(4) the contract has not been recorded in the county in which the property is located.

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Cite this article: FindLaw.com - Texas Property Code - PROP § 5.064. Seller's Remedies on Default - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-5-064/

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