Tex. Prop. Code § 5.0205

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 5.0205 - Equitable Interest Disclosure

Before entering into a contract to sell an option or assign an interest in a contract to purchase real property, a person must disclose in writing to:

(1) 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; and

(2) the owner of the real property that the person intends to sell an option or assign an interest in a contract.

Tex. Prop. Code § 5.0205

Renumbered from Tex. Prop. Code § 5.086 and amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 94,Sec. 27, eff. 1/1/2024.

Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 974,Sec. 4, eff. 9/1/2019.