Contracts
A Texas contract addendum for property subject to mandatory membership in a Property Owners Association (POA) is used to:
AWaive the buyer's right to review HOA documents
BDisclose HOA fees and give the buyer the right to terminate if they object to the documents✓ Correct
CEstablish the maximum HOA fees the seller will pay
DRequire the seller to pay all HOA transfer fees
Explanation
The TREC POA Addendum discloses HOA information and gives the buyer a period to review HOA documents (resale certificate, bylaws, rules). During this review period, the buyer may terminate the contract if they find the documents objectionable.
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