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 Dallas Texas Addendum for Coastal Area Property is a legally binding document that serves as an extension or addition to a standard real estate contract when buying or selling properties located in coastal areas of Dallas, Texas. This addendum is specifically designed to address the unique considerations and risks associated with properties situated in the coastal region, offering additional protections for both buyers and sellers. Keywords: Dallas Texas, Addendum, Coastal Area Property, real estate contract, buying, selling, properties, coastal region, protections, risks. Types of Dallas Texas Addendum for Coastal Area Property: 1. Coastal Erosion Addendum: This type of addendum focuses on addressing the effects of coastal erosion on the property in question. It may include provisions related to erosion control measures, insurance coverage, and responsibilities of the parties involved in mitigating potential damages caused by erosion. 2. Flood Zone Addendum: As coastal areas are often prone to flooding, this addendum is crucial in outlining the flood zone information and any additional requirements or restrictions that may be imposed by insurance companies or local authorities. It may include provisions related to flood insurance, potential limits on construction or development, and responsibilities for flood-related damages. 3. Natural Disaster Addendum: Given the increased vulnerability of coastal properties to natural disasters such as hurricanes, tornadoes, or storms, this addendum focuses on the allocation of risks and responsibilities in the event of a natural disaster. It may cover topics such as evacuation plans, insurance coverage, and procedures for post-disaster repairs or rebuilding. 4. Coastal Conservation Addendum: This type of addendum is tailored to protect the sensitive coastal ecosystem surrounding the property. It may include regulations related to shoreline setbacks, restrictions on land use or development, and obligations to preserve or restore natural habitats. 5. Lender's Addendum: In some cases, lenders may require additional provisions specific to coastal area properties before providing financing. This addendum may include requirements such as windstorm or flood insurance coverage, evidence of property inspection, or compliance with local zoning and building codes. In summary, the Dallas Texas Addendum for Coastal Area Property is a vital component of real estate contracts for properties in coastal regions of Dallas, Texas. These addenda address unique risks and considerations, ensuring that all parties involved are protected and informed when buying or selling such properties.The Dallas Texas Addendum for Coastal Area Property is a legally binding document that serves as an extension or addition to a standard real estate contract when buying or selling properties located in coastal areas of Dallas, Texas. This addendum is specifically designed to address the unique considerations and risks associated with properties situated in the coastal region, offering additional protections for both buyers and sellers. Keywords: Dallas Texas, Addendum, Coastal Area Property, real estate contract, buying, selling, properties, coastal region, protections, risks. Types of Dallas Texas Addendum for Coastal Area Property: 1. Coastal Erosion Addendum: This type of addendum focuses on addressing the effects of coastal erosion on the property in question. It may include provisions related to erosion control measures, insurance coverage, and responsibilities of the parties involved in mitigating potential damages caused by erosion. 2. Flood Zone Addendum: As coastal areas are often prone to flooding, this addendum is crucial in outlining the flood zone information and any additional requirements or restrictions that may be imposed by insurance companies or local authorities. It may include provisions related to flood insurance, potential limits on construction or development, and responsibilities for flood-related damages. 3. Natural Disaster Addendum: Given the increased vulnerability of coastal properties to natural disasters such as hurricanes, tornadoes, or storms, this addendum focuses on the allocation of risks and responsibilities in the event of a natural disaster. It may cover topics such as evacuation plans, insurance coverage, and procedures for post-disaster repairs or rebuilding. 4. Coastal Conservation Addendum: This type of addendum is tailored to protect the sensitive coastal ecosystem surrounding the property. It may include regulations related to shoreline setbacks, restrictions on land use or development, and obligations to preserve or restore natural habitats. 5. Lender's Addendum: In some cases, lenders may require additional provisions specific to coastal area properties before providing financing. This addendum may include requirements such as windstorm or flood insurance coverage, evidence of property inspection, or compliance with local zoning and building codes. In summary, the Dallas Texas Addendum for Coastal Area Property is a vital component of real estate contracts for properties in coastal regions of Dallas, Texas. These addenda address unique risks and considerations, ensuring that all parties involved are protected and informed when buying or selling such properties.
