This addendum specifies how the non-cash portion of the commercial property sales price will be paid. It covers three financing methods -- third party loans, assumption of existing debt, and seller financing -- along with credit approval requirements and special provisions. Each method includes detailed terms: the third party financing contingency (loan amount, minimum term, rate cap, amortization period and the buyer's notice deadline); assumption of an existing note (payee, note date, balance at closing, recording reference, variance threshold, maximum assumption fee and rate increase, application and notice deadlines); and seller financing (note amount and rate, one of three payment structures -- single payment, installments, or interest-only then installments -- liability election, prepayment, due-on-sale and tax/insurance deposit provisions). Paragraph D sets the buyer's credit documentation delivery deadline and the seller's right to terminate; Paragraph E is an open space for special provisions.
Commercial Sales
The TXR 1931 form is organized into the following sections:
TXR 1931 has a verified fill map in EZDocs: answer a guided form — with the parties, property, price and closing date already filled in from your deal — and RaiderX fills the official current revision of the PDF, places every signature, initial and date line, and sends it for e-signature. When the last party signs, the executed copy files itself into the deal.
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Every signed form also feeds Deal Manager: it reads the form's key dates and terms and builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing.
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