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Taa residential lease contract

Texas residential condominium 2026

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The document is a Residential Condominium Contract (Resale) promulgated by the Texas Real Estate Commission, outlining the terms and conditions for the sale of a condominium unit. It details the parties involved, property description, sales price, financing options, earnest money requirements, title policy provisions, property condition disclosures, closing procedures, and default remedies. The contract emphasizes buyer's rights regarding inspections and disclosures while ensuring compliance with Texas property laws.

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Click ‘Get Form’ to open the Texas Residential Condominium contract in our editor.
Begin by filling in the 'Parties' section with the names of the Seller and Buyer. Ensure accuracy as this establishes the contractual relationship.
In the 'Property and Condominium Documents' section, provide details about the condominium unit, including its address and any improvements or accessories included in the sale.
Specify whether you have received the necessary condominium documents by checking the appropriate box. This is crucial for understanding your rights and obligations.
Complete the 'Sales Price' section by detailing both cash and financing amounts. This ensures clarity on payment expectations.
Review and fill out sections regarding financing options, earnest money deposits, title policies, and closing details to ensure all financial aspects are covered.
Finally, sign and date where indicated to finalize your agreement. Use our platform’s signing feature for a seamless process.

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What is a residential condominium?

Residential condominium means an estate in real property consisting of an undivided common interest in a portion of a parcel of real property together with a separate interest in a living unit of the residential multiple unit.

What is a reasonable price for a condo?

One of the key points of differentiation between a condo and a house is price: Condos are typically cheaper. The median price for an existing condo or co-op was $359,800 as of November 2024, according to data from the National Association of Realtors a sizable savings versus $410,900 for a typical single-family home.

What is the average price of a condo in Austin Texas?

The median condo price in Austin is around $425,000 in 2025, though prices range from $300,000 in North Austin to over $1 million downtown.

Whats cheaper, a house or a condo?

Condos are often priced lower than single-family houses, which makes them appealing to first-time homebuyers. In some cases, though, the price could be comparable or even more, depending on location, condition and other factors.

Does Texas have condos?

There are currently 8092 condos for sale in Texas. Some of these homes are Hot Homes, meaning theyre likely to sell quickly. This map is refreshed with the newest listings in Texas every 15 minutes. Find your dream condos in Texas using the tools above.

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What is the average price of a condo in Texas?

Statewide, the median condominium sales price in June 2022 was $265,000, a 10.4% increase over June 2021. The median sales price for townhomes was $334,695 in June 2022, an increase of 17.8% from the previous June. The average price-per-square-foot in June 2022 docHubed $274 for condominiums and $199 for townhomes.

What is the difference between a townhouse and a condo in Texas?

Condos typically have a lower purchase price versus townhouses and single-family homes but may have higher HOA fees. Townhouses may have a higher purchase price versus condos but may offer more space and privacy.