This is an addendum to the earnest money contract between the parties concerning a particular piece of property described in the addendum. The addendum states that the real property described in and subject to the contract adjoins and shares a common boundary with the tidally influenced submerged lands of the state. The boundary is subject to change and can be determined accurately only by a survey on the ground made by a licensed state land surveyor in accordance with the original grant from the sovereign. The addendum also mentions that state law prohibits the use, encumbrance, construction, or placing of any structure in, on, or over state-owned submerged lands below the applicable tide line, without proper permission.
The Collin Texas Addendum for Coastal Area Property is a legal document specifically designed for properties located in Collin County, Texas, and situated along the coastal areas. This addendum is significant for both buyers and sellers as it addresses important considerations and provisions that are unique to properties in coastal areas. The Collin Texas Addendum for Coastal Area Property aims to protect the interests of all parties involved by addressing issues such as potential flooding, erosion, and environmental hazards that are commonly associated with coastal properties. By including this addendum in the real estate transaction, buyers and sellers can ensure a transparent and comprehensive understanding of the specific conditions and risks associated with owning coastal properties in Collin County. Here are some relevant keywords related to the Collin Texas Addendum for Coastal Area Property: 1. Collin County, Texas: Refers to the geographical location of the properties targeted by this addendum. 2. Coastal area property: Specifically denotes properties situated along the coastal areas within Collin County. 3. Legal document: Represents the formal nature and significance of the addendum in a real estate transaction. 4. Buyers and sellers: Refers to the parties involved in the real estate transaction, including potential homeowners and property owners. 5. Flooding: Addresses the potential risk of flooding in coastal areas due to proximity to bodies of water or heavy rainfall. 6. Erosion: Pertains to the natural process of wearing away land, which can be more prevalent in coastal areas with exposure to strong waves and currents. 7. Environmental hazards: Encompasses unique risks associated with coastal areas, such as hurricanes, storm surges, and potential contamination from marine ecosystems. 8. Transparency: Highlights the importance of clearly outlining the conditions and risks associated with coastal properties to ensure all parties have a comprehensive understanding. 9. Real estate transaction: Denotes the process of buying or selling a property, in this case, coastal properties in Collin County. 10. Risk assessment: Emphasizes the need to evaluate potential risks and hazards associated with the specific location of the property. Different types of Collin Texas Addendum for Coastal Area Property may exist based on the specific requirements, regulations, and considerations for various types of coastal properties within Collin County. These may include addendums tailored for beachfront properties, properties located near estuaries or rivers, or properties in designated flood zones. These specific addendums would address the unique risks and conditions associated with each type of coastal area property.
