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Texas Condominium Contract

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Residential Condominium Contract (Resale)

Contract Concerning Page of 8

(Address of Property)

Initialed for identification by Buyer and Seller TREC NO. 30-10

1. PARTIES: The parties to this contract are (Seller) and (Buyer).

2. PROPERTY AND CONDOMINIUM DOCUMENTS:

A. The Condominium Unit, improvements and accessories described below are collectively referred to as the “Property”.

(1) CONDOMINIUM UNIT: Unit , in Building , of , a condominium project, located at City of , County of , Texas.

Parking areas assigned to the Unit are: .

(2) IMPROVEMENTS:

(3) ACCESSORIES:

(4) EXCLUSIONS: .

B. The Declaration, Bylaws and any Rules of the Association are called "Documents". (Check one box only):

(1) Buyer has received a copy of the Documents.

(2) Buyer has not received a copy of the Documents. Seller shall deliver the Documents to Buyer within days after the effective date of the contract.

(3) Buyer has received Seller's affidavit that Seller requested information.

C. The Resale Certificate from the condominium owners association (the Association) is called the "Certificate". (Check one box only):

(1) Buyer has received the Certificate.

(2) Buyer has not received the Certificate. Seller shall deliver the Certificate to Buyer within days after the effective date of the contract.

(3) Buyer has received Seller's affidavit that Seller requested information from the Association.

3. SALES PRICE:

A. Cash portion of Sales Price payable by Buyer at closing ................... $

B. Sum of all financing described below (excluding any loan funding fee or mortgage insurance premium) ............................. $

C. Sales Price (Sum of A and B) ....................................................... $

4. FINANCING: The portion of Sales Price not payable in cash will be paid as follows:

A. THIRD PARTY FINANCING: One or more third party mortgage loans in the total amount of $ .

(1) Property Approval:

(2) Credit Approval: (Check one box only) (a) Subject to Buyer being approved for financing. (b) Not subject to Buyer being approved for financing.

B. ASSUMPTION:

C. SELLER FINANCING: A promissory note from Buyer to Seller of $ , secured by vendor's and deed of trust liens.

5. EARNEST MONEY: Buyer shall deposit $ as earnest money with , as escrow agent, at .

Buyer shall deposit additional earnest money of $ within days after the effective date of this contract.

6. TITLE POLICY:

A. TITLE POLICY: Seller shall furnish to Buyer at Seller’s Buyer’s expense an owner policy of title insurance issued by in the amount of the Sales Price.

B. COMMITMENT: Within 20 days after the Title Company receives a copy of this contract, Seller shall furnish to Buyer a commitment for title insurance and exception documents.

C. OBJECTIONS: Buyer may object in writing to defects, exceptions, or encumbrances to title: . Buyer must object the earlier of the Closing Date or days after receipt.

D. TITLE NOTICES:

7. PROPERTY CONDITION:

A. ACCESS, INSPECTIONS AND UTILITIES: Seller shall permit Buyer access to the Property at reasonable times.

B. SELLER'S DISCLOSURE NOTICE PURSUANT TO §5.008, TEXAS PROPERTY CODE (Notice): (Check one box only)

(1) Buyer has received the Notice.

(2) Buyer has not received the Notice. Within days after the effective date, Seller shall deliver the Notice.

(3) The Texas Property Code does not require this Seller to furnish the Notice.

C. SELLER’S DISCLOSURE OF LEAD-BASED PAINT AND LEAD-BASED PAINT HAZARDS is required by Federal law for a residential dwelling constructed prior to 1978.

D. ACCEPTANCE OF PROPERTY CONDITION: (Check one box only)

(1) Buyer accepts the Property in its present condition.

(2) Buyer accepts the Property in its present condition provided Seller completes the following specific repairs and treatments:

8. BROKERS' FEES: All obligations of the parties for payment of brokers’ fees are contained in separate written agreements.

9. CLOSING:

A. The closing of the sale will be on or before , 20 , or within 7 days after objections have been cured.

B. At closing, Seller and Buyer shall execute and deliver documents reasonably required for closing and issuance of the Title Policy.

10. POSSESSION: Seller shall deliver possession to Buyer upon closing and funding according to a temporary residential lease form. Any possession prior to closing or after closing not authorized by lease will establish a tenancy at sufferance.

11. SPECIAL PROVISIONS:

12. SETTLEMENT AND OTHER EXPENSES:

A. Seller's Expenses include releases, preparation of deed, escrow fee, and other expenses. Seller shall also pay an amount not to exceed $ to be applied to Buyer’s Expenses as allowed.

Buyer’s Expenses include appraisal fees, loan fees, insurance premiums, assessments, and other expenses.

13. PRORATIONS:

14. CASUALTY LOSS:

15. DEFAULT: If Buyer or Seller fails to comply, the non-defaulting party may enforce specific performance or terminate this contract.

16. MEDIATION: Any dispute related to this contract which is not resolved through informal discussion will will not be submitted to mediation.

17. ATTORNEY'S FEES: The prevailing party may recover reasonable attorney’s fees and costs.

18. ESCROW:

A. ESCROW: The escrow agent is not a party to this contract.

B. EXPENSES:

C. DEMAND:

D. DAMAGES: Any party who wrongfully fails to sign a release may be liable for liquidated damages.

E. NOTICES: Escrow agent's notices will be effective when sent in compliance with Paragraph 21.

19. REPRESENTATIONS:

20. FEDERAL TAX REQUIREMENTS:

21. NOTICES:

To Buyer at:

Telephone: ( )

Facsimile: ( )

E-mail:

To Seller at:

Telephone: ( )

Facsimile: ( )

E-mail:

22. AGREEMENT OF PARTIES: This contract contains the entire agreement of the parties and cannot be changed except by their written agreement. Addenda which are a part of this contract are (check all applicable boxes):

Third Party Financing Addendum for Credit Approval

Loan Assumption Addendum

Buyer’s Temporary Residential Lease

Seller's Temporary Residential Lease

Addendum for Sale of Other Property by Buyer

Addendum for "Back-Up" Contract

Seller Financing Addendum

Addendum for Coastal Area Property

Short Sale Addendum

Other (list):

Addendum for Seller's Disclosure of Information on Lead-based Paint and Lead-based Paint Hazards as Required by Federal Law

Environmental Assessment, Threatened or Endangered Species and Wetlands Addendum

Addendum for Property Located Seaward of the Gulf Intracoastal Waterway

Addendum for Release of Liability on Assumption of FHA, VA, or Conventional Loan / Restoration of Seller’s Entitlement for VA Guaranteed Loan

23. TERMINATION OPTION: Seller grants Buyer the unrestricted right to terminate this contract by giving notice within days after the effective date.

Option Fee $ is due within 2 days after the effective date. The Option Fee will will not be credited to the Sales Price at closing.

24. CONSULT AN ATTORNEY: If you do not understand the effect of this contract, consult an attorney BEFORE signing.

Buyer’s Attorney is:

Telephone: ( )

Facsimile: ( )

E-mail:

Seller’s Attorney is:

Telephone: ( )

Facsimile: ( )

E-mail:

EXECUTED the day of , 20 (EFFECTIVE DATE).
(BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.)

Buyer ____________________________ Seller ____________________________

Buyer ____________________________ Seller ____________________________

CONTRACT AND EARNEST MONEY RECEIPT

Receipt of Contract and $ Earnest Money in the form of is acknowledged.

Escrow Agent: Date:

By:

Email Address

Telephone ( )

Address

Facsimile: ( )

City State Zip

BROKER INFORMATION

Other Broker Firm License No.

Represents Buyer only as Buyer’s agent

Seller as Listing Broker’s subagent

Licensed Supervisor of Associate Telephone

Associate Telephone

Other Broker's Address Facsimile

City State Zip

Associate Email Address

Listing Broker Firm License No.

Represents Seller and Buyer as an intermediary

Seller only as Seller’s agent

Licensed Supervisor of Associate Telephone

Listing Associate Telephone

Listing Broker’s Office Address Facsimile

City State Zip

Listing Associate’s Email Address

Selling Associate Telephone

Selling Associate’s Office Address Facsimile

City State Zip

Selling Associate’s Email Address

Listing Broker has agreed to pay Other Broker of the total sales price when the Listing Broker’s fee is received.

OPTION FEE RECEIPT

Receipt of $ (Option Fee) in the form of is acknowledged.

Seller or Listing Broker

Date

CONTRACT AND EARNEST MONEY RECEIPT

Receipt of Contract and $ Earnest Money in the form of is acknowledged.

Escrow Agent: Date:

By:

Email Address

Telephone ( )

Address

City State Zip

Facsimile: ( )

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What the Texas Condominium Contract Is and When it Applies

A Texas Condominium Contract is a written agreement used to buy or sell a condominium unit in Texas. It identifies buyer and seller, the condominium unit and legal description, price and payment terms, earnest money, closing date, title and deed transfer process, and any required HOA disclosures. The contract allocates responsibilities for inspections, financing contingencies, assessments, prorations, and remedies for default. It drives the closing checklist, authorizes escrow and title searches, and forms the binding record once all parties sign and required conditions are satisfied.

Why a Properly Completed Contract Matters

A complete Texas Condominium Contract clarifies obligations, protects deposit funds, and speeds title transfer. Accurate terms reduce disputes, support lender underwriting, and ensure HOA rules and required disclosures are addressed before closing.

Why a Properly Completed Contract Matters

Typical Parties and Professionals Involved

Lawyers, HOA managers, and notaries may join the process for review, amendment, and notarization where required by recording or local practice.

  • Buyers and Sellers: Negotiate price, contingencies, and closing logistics; signatory parties on the agreement.
  • Listing and Buyer's Agents: Prepare contract forms, manage negotiations, and coordinate inspections and disclosures.
  • Title Company and Lender: Conduct title search, clear liens, prepare closing statements, and fund mortgage proceeds.

Core Elements Found in a Professional Texas Condominium Contract

A thorough contract organizes commercial terms, property descriptions, contingencies, timelines, and signature blocks so each party’s duties and remedies are clear.

Parties

Full legal names and entity types for buyer and seller, with contact information and capacity to sign; critical for enforceability and title records.

Property Description

Street address plus condominium legal description and unit identifier as recorded in the county property records and the declaration of condominium.

Price & Payment

Purchase price, earnest money amount, payment method, lender contingency details, and deadlines for financing or appraisal conditions.

HOA Disclosures

Required seller disclosures about assessments, pending litigation, reserves, and HOA rules, and buyer’s review period for association documents.

Contingencies

Inspection, financing, and title contingencies describing cure periods, inspection removal, and consequences for unsatisfied conditions.

Closing & Possession

Closing date, location, prorations, who prepares closing documents, deed delivery, and possession timing including any occupancy or rent-back terms.

Stepwise Process to Complete and Exchange the Contract

Follow these steps in order to reduce rework and ensure each party’s conditions are documented and acknowledged.

  • 01
    Prepare Offer: Seller or agent drafts the contract with all material terms clearly stated.
  • 02
    Earnest Deposit: Buyer deposits earnest money per contract instructions and escrow instructions.
  • 03
    Inspection Period: Buyer schedules inspections and timely notifies seller of required repairs.
  • 04
    Finalize Closing: Title company clears title, lender funds, parties sign closing documents.

How to Amend or Revise a Contract After Signing

Amendments require mutual agreement; use written amendments or addenda and re-sign to avoid ambiguity.

01

Draft Amendment:

Propose changes in an addendum specifying exact clause edits and effective date.
02

Obtain Consent:

All parties must sign the addendum for it to modify the original contract.
03

Update Escrow:

Adjust earnest money or escrow instructions if payment terms change.
04

Notify Lender:

Send amendment to lender for underwriting approval when finance terms are affected.
05

Record Changes:

Record only documents required by county; amendments typically are kept in closing file.
06

Retain Copies:

Distribute executed copies to buyer, seller, agent, title company, and lender.

Typical Digital Workflow Settings for eSubmission

Configure the online workflow to match signer order, authentication level, and retention policies used for the transaction.

Field Configuration
Authentication Method Email link with optional SMS OTP
Signature Order Sequential or simultaneous signer order
Reminder Schedule Automated reminders every 48–72 hours
Retention Settings Export PDF/A and save audit trail

Sharing and Signing Options for the Contract

Ensure your chosen platform exports a tamper-evident PDF, a complete audit trail, and allows export to the title company and lender for underwriting and recording.

  • Email with Link: Low friction for most signers
  • In-Person Signing: Useful for notarization or witnesses
  • Secure Portal: Preferred for high-volume or sensitive workflows

Typical Online Signing Flow for a Condominium Contract

An efficient online signing flow follows sender setup, signer authentication, execution, and distribution with audit capture.

  • Upload Document: Sender uploads final contract PDF to the signing platform.
  • Place Fields: Insert signature, initial, date, and checkbox fields as required.
  • Authenticate Signers: Choose email, SMS, or stronger methods for signer ID.
  • Complete & Archive: Signed copies and audit trail distributed automatically.

Common Timing Deadlines in a Texas Condominium Contract

Contracts set specific deadlines that govern inspections, financing, title objections, and closing to prevent disputes and enable lender processing.

Earnest Money Deadline:

Often within 3 business days after contract acceptance.

Inspection Period:

Commonly 7–15 days for inspections and repair requests.

Financing Contingency:

Deadline tied to lender approval date per contract.

Title Objection Deadline:

Buyer typically delivers objections within specified days after title commitment.

Closing Date:

Set calendar date when deed transfers and funds disburse.

Key Milestones from Offer to Recording

Sequence these milestones to track progress and meet contract deadlines leading to recording.

01

Offer Submission

Buyer delivers signed offer and earnest money to escrow/title.

02

Inspection & Negotiation

Buyer inspects property and negotiates repairs or credits.

03

Loan Approval

Lender issues final loan approval before closing.

04

Closing & Recording

Parties sign closing documents; deed recorded by county clerk.

Essential Data Fields to Include in the Contract

Buyer Name: Full legal name
Seller Name: Full legal name
Unit Identifier: Building and unit number
Legal Description: Recorded condo description
HOA Name: Association legal name
Purchase Price: Numerical amount

Primary Risks and Consequences of Errors

Voidable Contract: Missing key terms
Deposits At Risk: Earnest money forfeiture
Title Defects: Uncleared liens
Disclosure Failures: Buyer rescission risk
Incorrect Description: Recording rejection
Late Closing: Penalty or contract breach

Common Preparation Mistakes to Avoid

  • Using an incomplete legal description copied from an MLS summary rather than the recorded declaration, which can prevent correct deed recording and title insurance issuance.
  • Failing to attach required HOA documents or disclosure packets within the buyer’s review period, creating grounds for contract termination or delayed closing.
  • Listing signers incorrectly (e.g., using nicknames or omitting entity signer capacity), which can cause lender or title rejections and require corrective documents.
  • Neglecting to coordinate earnest money instructions with the escrow agent, leading to disputes over deposit handling or claimed defaults.

Real-World Use Cases for Texas Condominium Contracts

These examples show how contracts function across routine condo resale and lender review scenarios.

Realtor Resale Workflow

A listing agent completes the contract and uploads it for eSignature to speed turnaround.

  • The buyer signs remotely.
  • The title company receives the signed PDF and audit trail, performs title search, clears a minor lien, and schedules recording to meet lender funding timelines.

HOA Disclosure Review

Seller provides HOA packet and financials during buyer review.

  • Buyer reviews within the specified period.
  • If undisclosed special assessments are discovered, the buyer may negotiate credits, terminate per the contingency, or require seller cures before closing.

Practical Tips for Efficient and Accurate Completion

Apply these practical steps to reduce errors, speed underwriting, and facilitate a smooth closing.

Use Recorded Sources
Always copy the legal description and HOA declaration language directly from the county records to avoid recording rejections and title exceptions.
Coordinate with Title Early
Provide title company with full contract and HOA documents at execution to allow timely lien searches and commitment issuance.
Standardize Digital Workflow
Use consistent field placement, required initials, and date formatting (MM/DD/YYYY) to prevent missing-data rework during closing.
Document Consent
When using electronic signatures for consumer-facing terms, retain consent records consistent with ESIGN Act requirements to demonstrate acceptance.

eSignature Vendor Comparison for Condominium Transactions

Compare common vendor pricing and feature indicators relevant to condominium contract workflows; signNow appears first by design for parity.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial No No No No
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No
Envelope Cap No cap 100 envelopes/user/year Varies Varies Varies

Frequently Asked Questions About Texas Condominium Contracts

Answers to common questions about validity, notarization, corrections, and recording for Texas condominium transactions.


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