Which of the following is true regarding leases under the trec one to four family residential contract: Fill out & sign online

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When must the option fee be paid under the TREC short sale Addendum?

The buyer must deliver the option fee to the title company within three days after the effective date of the contract.

What is the maximum term that a Texas buyer may lease from a seller under the buyers temporary residential?

The TREC Buyers Temporary Residential Lease would be used when the. seller wants to stay in the home after closing for no more than 90 days.

When should the TREC sellers temporary residential lease be used?

Description: This form is used only when the Seller occupies the property for no more than 90 days after closing of the purchase contract.

What are sellers net proceeds in the TREC short sale Addendum?

As used in this Addendum, Sellers net proceeds means the Sales Price less Sellers Expenses under Paragraph 12 of the contract and Sellers obligation to pay any brokerage fees.

What is the purpose of paragraph 23 of the one to four family residential contract?

The only penalty for not paying the option fee is that the buyer doesnt have the option to terminate. Under Paragraph 23, Termination Option, buyers may pay a fee for the option to terminate the contract within a negotiated number of days.

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What is paragraph 6 of the TREC contract?

Paragraph 6C of the One to Four Family Residential Contract (Resale) (TXR 1601) includes requirements for property surveys. This paragraph requires that the survey must be prepared by a registered professional land surveyor acceptable to the title company and the buyers lender.

What is the maximum amount of time allowed to lease on the TREC promulgated sellers temporary lease?

What is the maximum about of time allowed to lease on the TREC promulgated buyers temporary lease? Description: This form is used only when the Buyer will occupy the property for no more than 90 days prior to closing on the purchase contract.

Which of the following is true regarding leases under the TREC 1 to 4 family residential contract?

Which of the following is TRUE regarding leases under the TREC One to Four Family Residential Contract? Seller may lease the property after the effective date with buyers oral or written consent.

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When must the option fee be paid under the TREC short sale Addendum?

What is the maximum term that a Texas buyer may lease from a seller under the buyers temporary residential?

When should the TREC sellers temporary residential lease be used?

What are sellers net proceeds in the TREC short sale Addendum?

What is the purpose of paragraph 23 of the one to four family residential contract?

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What is paragraph 6 of the TREC contract?

What is the maximum amount of time allowed to lease on the TREC promulgated sellers temporary lease?

Which of the following is true regarding leases under the TREC 1 to 4 family residential contract?

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