Contracts
In Texas, the TREC contract's 'Acceptance of Property Condition' clause means the buyer is agreeing to:
AWaive all property inspections
BAccept the property in its present condition as of the effective date, subject to any agreed repairs✓ Correct
CAccept any defects discovered after closing without recourse
DForgo the option period entirely
Explanation
The 'Acceptance of Property Condition' provision in the TREC contract indicates the buyer accepts the property in its current condition (excluding items the seller agrees to repair or address under the contract). This provision does not prevent inspections or negotiations.
Related Texas Contracts Questions
- Under the Texas TREC contract, if the buyer fails to timely deposit the earnest money, the seller may:
- Under the TREC contract, if the title commitment reveals an unacceptable exception (such as an undisclosed easement), the buyer may:
- Under the Texas One to Four Family Contract, the Survey section requires the seller to provide:
- The 'merger doctrine' in Texas real estate law means that once a deed is delivered and accepted at closing:
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- Under the Texas TREC contract, earnest money is held by:
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