A land contract in Texas establishes a purchase and sale agreement between two parties involved in a real estate transaction for vacant land. The parties, seller and buyer, must use this Agreement to record the binding terms of the transfer of ownership, such as the agreed price and applicable financial terms. In addition, the document must include the legal description of the land or land, which must be written as it appears on the title deed for record-keeping purposes. The parties sign the contract after settling all the details through mutual negotiations. At the time of the conclusion specified in the contract, the seller transfers the deed to the new owner and receives all the funds due at the time of signing. Where to register? (TX Prop ยง 12.001) – Deeds must be entered in the register of deeds at the clerk`s office of the county where the property is located. Texas Real Estate Commission version (unimproved land) Texas Assoc. of the REALTORS (Commercial Unimproved Land) version. .

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