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Texas Farm and Ranch Contract

Category:
Texas Real Estate - Statewide - Real Estate Commission
State:
Texas
Control #:
TX-1067
Format:
Word; 
PDF; 
Rich Text
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Description Ranch Contract Agreement

Seller agrees to sell and buyer agrees to purchase from seller a certain piece of property described in the contract. The contract states that financing will be deemed to have been obtained when the lender has determined that the buyer has satisfied all of the lenders financial requirements. Buyer is also required to deposit earnest money with an escrow agent upon the execution of the contract by both parties. If the buyers fails to deposit the earnest money as required by the contract, the buyer will be held to be in default. The contract also states that unless otherwise agreed upon in writing, neither party is obligated to pay the lender for required repairs or treatments for wood destroying insects.

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