Sec. 5.086. EQUITABLE INTEREST DISCLOSURE. Before entering into a contract, a person selling an option or assigning an interest in a contract to purchase real property must disclose to 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.
Added by Acts 2017, 85th Leg., R.S., Ch. 974 (S.B. 2212), Sec. 4, eff. September 1, 2017.
Structure Texas Statutes
Subchapter D. Executory Contract for Conveyance
Section 5.0621. Construction With Other Law
Section 5.0622. Additional Applicability: Certain Counties
Section 5.064. Seller's Remedies on Default
Section 5.065. Right to Cure Default
Section 5.066. Equity Protection; Sale of Property
Section 5.067. Placement of Lien for Utility Service
Section 5.068. Foreign Language Requirement
Section 5.069. Seller's Disclosure of Property Condition
Section 5.070. Seller's Disclosure of Tax Payments and Insurance Coverage
Section 5.071. Seller's Disclosure of Financing Terms
Section 5.072. Oral Agreements Prohibited
Section 5.073. Contract Terms, Certain Waivers Prohibited
Section 5.074. Purchaser's Right to Cancel Contract Without Cause
Section 5.076. Recording Requirements
Section 5.077. Annual Accounting Statement
Section 5.078. Disposition of Insurance Proceeds
Section 5.080. Liability for Disclosures
Section 5.081. Right to Convert Contract
Section 5.082. Request for Balance and Trustee
Section 5.083. Right to Cancel Contract for Improper Platting
Section 5.084. Right to Deduct
Section 5.085. Fee Simple Title Required; Maintenance of Fee Simple Title