Form Tar-1908 - Addendum For Sale Of Other Property By Buyer printable pdf download

Form Tar-1908 - Addendum For Sale Of Other Property By Buyer

PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)

04-23-07

ADDENDUM FOR

SALE OF OTHER PROPERTY BY BUYER

TO CONTRACT CONCERNING THE PROPERTY AT

(Address of Property)

The contract is contingent upon Buyer's receipt of the proceeds from the sale of Buyer's property at

(Address) on or before

(the Contingency). If the

Contingency is not satisfied or waived by Buyer by the above date, the contract will terminate automatically

and the earnest money will be refunded to Buyer.

NOTICE: The date inserted in this Paragraph should be no later than the Closing Date specified in

Paragraph 9 of the contract.

If Seller accepts a written offer to sell the Property, Seller shall notify Buyer (1) of such acceptance AND (2)

that Seller requires Buyer to waive the Contingency. Buyer must waive the Contingency on or before the

day after Seller's notice to Buyer; otherwise the contract will terminate automatically and the

earnest money will be refunded to Buyer.

Buyer may waive the Contingency only by notifying Seller of the waiver and depositing $

with escrow agent as additional earnest money. All notices and waivers must be in writing and are effective

when delivered in accordance with the contract.

If Buyer waives the Contingency and fails to close and fund solely due to Buyer's non-receipt of proceeds

from Buyer's sale of the Property described in Paragraph A, Buyer will be in default. If such default occurs,

Seller may exercise the remedies specified in Paragraph 15 of the contract.

For purposes of this Addendum time is of the essence; strict compliance with the times for performance

stated herein is required.

Buyer

Seller

Buyer

Seller

This form has been approved by the Texas Real Estate Commission for use with similarly approved or promulgated contract

forms. Such approval relates to this form only. TREC forms are intended for use only by trained real estate licensees. No

representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is not suitable for

complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, 1-800-250-8732 or (512)

459-6544 ( ) TREC No. 10-5. This form replaces TREC No. 10-4.

(TAR-1908) 4-23-07

Page 1 of 1

TREC No. 10-5

David Winans Real Estate 17734 Preston Road, Ste. 100 Dallas, TX 75252

Phone:

972-774-9888

Fax:

972-774-9191

David Winans Real Estate

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Form Tar-1908 - Addendum For Sale Of Other Property By Buyer

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