Contracts Archives - Texas Legal Docs https://texaslegaldocs.com/category/contracts/ Fri, 01 Jun 2018 21:09:32 +0000 en-US hourly 1 Recent Changes to TREC Residential Contract Forms: Steps in the Right Direction https://texaslegaldocs.com/recent-changes-trec-residential-contract-forms-steps-right-direction/ Fri, 01 Jun 2018 21:05:39 +0000 http://texaslegaldocs.com/?p=1645 As of May 15, 2018, the new TREC residential contract forms are mandatory for use in Realtor-negotiated residential contracts in Texas. While these forms are designed for use by licensed real estate professionals, many consumers (and attorneys, for that matter) rely on the forms as a well-balanced, comprehensive document to facilitate the sale and purchase […]

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]]> Life Estate, Rights of Survivorship and Transfer on Death Deeds: Which is Right for You? https://texaslegaldocs.com/life-estate-rights-survivorship-transfer-death-deeds-right/ Tue, 01 May 2018 16:31:43 +0000 http://texaslegaldocs.com/?p=1627 The post Life Estate, Rights of Survivorship and Transfer on Death Deeds: Which is Right for You? appeared first on Texas Legal Docs.

]]> Warranty Deed or Quitclaim Deed? Not Even Close https://texaslegaldocs.com/warranty-deed-quitclaim-deed-not-even-close/ Sun, 15 Apr 2018 16:29:35 +0000 http://texaslegaldocs.com/?p=1609 The post Warranty Deed or Quitclaim Deed? Not Even Close appeared first on Texas Legal Docs.

]]> Formation of Business Entities https://texaslegaldocs.com/formation-of-business-entities/ Mon, 28 Mar 2016 22:58:18 +0000 http://texaslegaldocs.legalvertical.com/?p=1152 There is no question that in situations other than personal homestead, it is extremely prudent to hold title to business or investment real estate in the name of a separate entity, and not the owner’s individual name.  Why? If properly set up, a separate entity can protect an individual from personal liability if an accident […]

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]]> Home Sales and Existing Leases: How to Deal With Current Tenants https://texaslegaldocs.com/home-sales-and-existing-leases-how-to-deal-with-current-tenants/ Tue, 09 Feb 2016 22:09:19 +0000 http://texaslegaldocs.legalvertical.com/?p=1144 Although more common in commercial transactions, many residential transactions involve the sale of homes subject to existing leases and tenants. A potential buyer of a property in which a tenant currently resides should be aware of the legal status of such leases after closing, and be comfortable with rights and obligations imposed on them by […]

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]]> Good Fences Make Good Neighbors – Boundary Lines and Encroachment Agreements https://texaslegaldocs.com/1139-2/ Wed, 27 Jan 2016 21:18:36 +0000 http://texaslegaldocs.legalvertical.com/?p=1139 Misunderstandings regarding boundary lines and fence locations often lead to strained relationships between neighbors. Addressing encroachment issues prior to closing can help ensure that a buyer enjoys a more fulfilling ownership experience. It is not uncommon for fences to be situated off of a boundary line, especially in older subdivisions. In fact, an argument can […]

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]]> Tenant Evictions – a Time Consuming Process https://texaslegaldocs.com/tenant-evictions-a-time-consuming-process/ Mon, 18 Jan 2016 22:13:53 +0000 http://texaslegaldocs.legalvertical.com/?p=1133 If you clients are faced with the need to evict a tenant, they should know that the process must be undertaken in strict adherence to the Texas statutes, and may take longer than expected. If a tenant knows how to play the game, they could stretch out the ordeal for well over a month before […]

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]]> The New SAFE Act: The Death of Seller-Financing in Texas? https://texaslegaldocs.com/the-new-safe-act-the-death-of-seller-financing-in-texas/ Wed, 06 Aug 2014 12:41:46 +0000 http://texaslegaldocs.legalvertical.com//?p=138 A recent law passed by the Texas Legislature has quietly hit the books, one that promises to have a significant and adverse effect on Texas consumers’ ability to obtain financing for the purchase of residential property. The legislation serves to place further limitations on a prospective purchaser’s financing options, at a time when the current […]

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]]> MINERAL RIGHTS AND REAL ESTATE PURCHASES: A BREEDING GROUND FOR CONTRACT DISPUTES https://texaslegaldocs.com/mineral-rights-and-real-estate-purchases-a-breeding-ground-for-contract-disputes/ Tue, 05 Aug 2014 14:35:18 +0000 http://texaslegaldocs.legalvertical.com//?p=124 No issue has given rise to as many contract disputes in North Texas in recent years as the effect of Barnett Shale development on real estate transactions. For decades, real estate practitioners in North Texas rarely considered mineral rights when negotiating and drafting contracts for sale. However, the rapid rise in the value of mineral […]

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