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Which of the following does the Section 5.008 of the Texas property Code mandate with regard to property disclosure?
(c) A seller or sellers agent shall have no duty to make a disclosure or release information related to whether a death by natural causes, suicide, or accident unrelated to the condition of the property occurred on the property or whether a previous occupant had, may have had, has, or may have AIDS, HIV related
How much is the personal property exemption in Texas?
Section 42.001 - Personal Property Exemption (a) Personal property, as described in Section 42.002, is exempt from garnishment, attachment, execution, or other seizure if: (1) the property is provided for a family and has an aggregate fair market value of not more than $100,000, exclusive of the amount of any liens,
What does section 5.008 of the Texas property code require the seller to disclose Quizlet?
What does Section 5.008 of the Texas Property Code say about this situation? It requires the seller to provide a written notice of the propertys condition.
What is Section 5.085 in Texas property code?
Fee Simple Title Required; Maintenance of Fee Simple Title. (a) A potential seller may not execute an executory contract with a potential purchaser if the seller does not own the property in fee simple free from any liens or other encumbrances.
What is exemption 5.008 Texas property code?
The legal basis for these exemptions is outlined in the Texas Property Code, Section 5.008(e), which details specific scenarios where a sellers disclosure is not mandatory. Understanding this section of the code can help both sellers and buyers know when a disclosure is legally required and when it can be bypassed.
(a) An estate in land that is conveyed or devised is a fee simple unless the estate is limited by express words or unless a lesser estate is conveyed or devised
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