Property Ownership
Under Texas Property Code § 5.064, a seller who uses an executory contract (contract for deed) for residential property must:
ARecord the contract in the county deed records within 30 days
BEnsure the property is free of any existing loans before entering the contract
CProvide annual accounting statements and other consumer protections to the buyer
DBoth A and C✓ Correct
Explanation
Texas Property Code § 5.064 et seq. impose significant requirements on sellers using residential executory contracts, including recording the contract within 30 days, providing annual accounting statements, making specific disclosures, and other consumer protections.
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