Addendum

TXR 1930Commercial Contract Condominium Addendum

This addendum modifies the TXR commercial contract to address condominium-specific issues when the property being purchased is a completed commercial condominium unit. It amends the property description to include the unit's undivided interest in common elements and any assigned parking or storage areas, documents the current periodic assessment (amount, frequency and the services it pays for), allocates the owners' association transfer or processing fee between seller and buyer, and records how the statutory condominium information is delivered: a condominium information statement (§82.153, Property Code) when the seller is the declarant, or a resale certificate (§82.157) on a resale — either already received by the buyer, to be furnished by the seller within a stated number of days (with the buyer's right to cancel before the 6th day after receipt), or, on a resale, waived by the seller's affidavit that the association did not provide it.

Source: TXR
Form Number: 1930
Category: Addendum
Revised: April 1, 2018

Used For

Commercial Sales

Form Outline

The TXR 1930 form is organized into the following sections:

  1. Header and Property Identification
    Identifies the property address linking this addendum to the underlying commercial contract between the named seller and buyer. The address is repeated in the running header of page 2.
  2. A. Property Description Amendment (Paragraph 2)
    Expands the property definition to include the unit's undivided interest in common elements and any assigned areas like parking or storage spaces as designated by the condominium declaration. The blank after "which are:" runs onto a second ruled line.
  3. B. Periodic Expense or Assessment
    Documents the current condo assessment amount, payment frequency, and which services (water, security, sewer, garbage, electricity, gas, cable, or other) the assessment covers for the unit.
  4. C. Transfer or Processing Fee
    Designates whether the seller or buyer is responsible for paying the condominium owners' association transfer or processing fee at closing.
  5. D. Condominium Information
    Establishes how required condominium disclosures are delivered to the buyer (check only (1) or (2)). If the seller is the declarant, a condominium information statement is required under Section 82.153. If it is a resale, a resale certificate under Section 82.157 is required. In either case, the buyer has a 6-day cancellation right after receiving the applicable document.
  6. Signature Block
    Page 2: "Seller: ____" and "Buyer: ____" (each with a second unlabelled line), then two signer blocks per side — "By:" (the person or entity signing on the party's behalf), "By (signature):" (an e-sign tab), "Printed Name:" and "Title:". No "Date" line is printed.

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