Contract

TXR 1605 — Residential Condominium Contract (Resale)

This contract is the TXR version of TREC 30-17, specifically designed for the resale of residential condominium units in Texas. It incorporates unique condo-specific provisions including condominium declaration/bylaws/rules review, resale certificate requirements, right of refusal provisions, condo

Source: TXR
Form Number: 1605
Category: Contract
Revised: November 4, 2024

Used For

Residential Sales

Form Outline

The TXR 1605 form is organized into the following sections:

  1. Parties
    Names the buyer and seller parties to the contract.
  2. Property and Condominium Documents
    Comprehensive property description for condos including unit details, common element interests, improvements, accessories, exclusions, document review rights, resale certificate, and right of refusal provisions.
  3. Sales Price
    Standard sales price breakdown between cash and financing.
  4. Leases
    Addresses existing residential and fixture leases affecting the condo unit.
  5. Earnest Money and Termination Option
    Governs earnest money, option fee, and termination option with strict time requirements.
  6. Title Policy
    Title insurance with condo-specific exceptions, commitment delivery, objection/cure provisions, and 11 statutory notices.
  7. Property Condition
    Inspections, seller's disclosure notice, property condition acceptance, lender repair provisions, and home warranty options.
  8. Brokers and Sales Agents
    Standard broker disclosure and fee provisions.
  9. Closing
    Closing date, deed delivery, and expense obligations with condo-specific transfer fee exception.
  10. Possession
    Possession delivery and smart device access transfer.
  11. Special Provisions
    Space for factual disclosures only.
  12. Settlement and Other Expenses
    Standard expense allocation with unique condo provision for association transfer costs.
  13. Prorations
    Tax and fee prorations with condo-specific rules on reserves and special assessments.
  14. Casualty Loss
    Unique dual casualty loss provisions covering both unit damage (seller responsibility) and common element damage (association restoration confirmation).
  15. Default
    Standard default remedies for both parties.
  16. Mediation
    Required mediation with equal cost sharing.
  17. Attorney's Fees
    Fee-shifting for prevailing party.
  18. Escrow
    Escrow agent protections, earnest money procedures, and release requirements.
  19. Representations, Federal Requirements, Notices, Agreement of Parties, Consult Attorney
    Standard closing provisions including representations, FIRPTA, notices, comprehensive addenda list, and legal disclaimer.

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