Contract

TXR 1607 — Unimproved Property Contract

This contract is the TXR version of TREC 9-17, designed for the purchase of unimproved (vacant) land in Texas. It differs from the standard residential contract by including acreage-based price adjustments, flood zone objection rights, agricultural development district disclosure, rollback tax provi

Source: TXR
Form Number: 1607
Category: Contract
Revised: November 4, 2024

Used For

Vacant Land, Residential Sales

Form Outline

The TXR 1607 form is organized into the following sections:

  1. Parties
    Names the buyer and seller parties.
  2. Property
    Legal description of the vacant land. Notably simpler than residential contracts with no improvements or accessories listed.
  3. Sales Price
    Sales price with unique acreage-based adjustment provision allowing per-acre price changes based on survey results.
  4. Leases
    Lease disclosure with emphasis on natural resource leases, which are common for unimproved land.
  5. Earnest Money and Termination Option
    Standard earnest money, option fee, and termination option provisions.
  6. Title Policy and Survey
    Title insurance, survey options, flood zone objection rights, and 12 statutory title notices including agricultural development district.
  7. Property Condition
    Simplified property condition section for vacant land with inspections, As Is options, environmental matters, and seller disclosures. Includes notice to buyer about utility availability.
  8. Brokers and Sales Agents
    Broker disclosure and fee confirmation.
  9. Closing
    Standard closing provisions with general warranty deed.
  10. Possession
    Simple possession upon closing and funding. No temporary lease option available.
  11. Special Provisions
    Space for factual disclosures only.
  12. Settlement and Other Expenses
    Standard settlement expense allocation.
  13. Prorations and Rollback Taxes
    Standard prorations with critical rollback tax provision that can make BUYER responsible for pre-closing period assessments triggered by post-closing use change.
  14. Casualty Loss
    Standard casualty loss provisions with 15-day extension option.
  15. Default
    Specific performance or liquidated damages (earnest money).
  16. Mediation, Attorney's Fees, Escrow, Representations, Federal Requirements, Notices, Agreement of Parties, Consult Attorney
    Standard boilerplate provisions. Addenda checklist does not include temporary residential lease options (buyer's or seller's), reflecting that this is vacant land.

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