Addendum For Property Subject To Mandatory Membership In An Owners Association
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Addendum For Property Subject To Mandatory Membership In An Owners Association Form. This is a Texas form and can be use in Texas Real Estate Commission Statewide.
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PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)
ADDENDUM FOR PROPERTY SUBJECT TO
MANDATORY MEMBERSHIP IN A PROPERTY
(NOT FOR USE WITH CONDOMINIUMS)
ADDENDUM TO CONTRACT CONCERNING THE PROPERTY AT
(Street Address and City)
(Name of Property Owners’ Association)
A. SUBDIVISION INFORMATION: “Subdivision Information” means: (i) the restrictions applying to
the subdivision, (ii) the bylaws and rules of the Property Owners’ Association (Association), and (iii) a
resale certificate, all of which comply with Section 207.003 of the Texas Property Code.
(Check only one box):
days after the effective date of the contract, Seller shall at Seller’s expense deliver
the Subdivision Information to Buyer. If Buyer does not receive the Subdivision Information,
Buyer may terminate the contract at any time prior to closing and the earnest money will be
refunded to Buyer. If Seller delivers the Subdivision Information, Buyer may terminate the
contract for any reason within 7 days after Buyer receives the Subdivision Information or prior
to closing, whichever first occurs, and the earnest money will be refunded to Buyer.
2. Buyer has received and approved the Subdivision Information before signing the contract.
3. Buyer does not require delivery of the Subdivision Information.
If Seller becomes aware of any material changes in the Subdivision Information, Seller shall promptly
give notice to Buyer. Buyer may terminate the contract prior to closing by giving written notice to
Seller if: (i) any of the Subdivision Information provided was not true; or (ii) any material adverse
change in the Subdivision Information occurs prior to closing, and the earnest money will be
refunded to Buyer.
B. FEES: Buyer shall pay any Association fees resulting from the transfer of the Property not to exceed
and Seller shall pay any excess.
NOTICE TO BUYER REGARDING REPAIRS BY THE ASSOCIATION: The Association may have the
sole responsibility to make certain repairs to the Property. If you are concerned about the condition of
any part of the Property which the Association is required to repair, you should not sign the contract
unless you are satisfied that the Association will make the desired repairs.
The form of this addendum has been approved by the Texas Real Estate Commission for use only with similarly approved or
promulgated forms of contracts. Such approval relates to this contract 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 intended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 787112188, 1-800-250-8732 or (512) 459-6544 (http://www.trec.state.tx.us) TREC No. 36-5. This form replaces TREC No. 36-4.
TREC NO. 36-5