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 Grand Prairie Texas Addendum for Coastal Area Property is a legal document that specifically pertains to properties located in the coastal region of Grand Prairie, Texas. This addendum is crucial for buyers and sellers involved in real estate transactions in this area as it addresses unique considerations and regulations associated with coastal properties. The Grand Prairie Texas Addendum for Coastal Area Property includes various provisions that are essential for both buyers and sellers. It ensures that all parties are fully aware of the characteristics, limitations, and risks associated with owning a property in the coastal area of Grand Prairie. This addendum assists in safeguarding the interests of the parties involved and helps reduce the potential for disputes or misunderstandings. Some crucial aspects covered in the Grand Prairie Texas Addendum for Coastal Area Property are: 1. Erosion and Flood Risks: This clause highlights the increased risk of erosion and floods in coastal areas. It specifies that the buyer acknowledges and accepts the potential hazards and assumes responsibility for any related damages or expenses. 2. Coastal Zone Regulations: This section informs all parties about the specific rules and regulations governing development, construction, and modification of properties within the coastal zone. It ensures compliance with the local government's requirements and approval processes. 3. Disclosure of Insurance Availability: This provision prompts sellers to disclose information regarding the availability and cost of property insurance in the coastal area. It helps buyers make informed decisions about insuring their property against potential risks. 4. Riparian Rights: This clause outlines the rights and responsibilities associated with riparian zones, which are essential for properties with waterfront access. It explains the owner's rights regarding shorelines, water access, and structures built within limited zones. 5. Environmental Assessments: This section encourages buyers to conduct thorough environmental assessments on the coastal property prior to the purchase. It is crucial to assess any potential risks, contamination, or hazards that might affect the property. While there may not be different types of Grand Prairie Texas Addendum for Coastal Area Property, variations or amendments may exist based on specific locations within the coastal zone. In such cases, additional provisions may be included to address specific considerations, unique geographic features, or local regulations. It is important for both buyers and sellers engaged in real estate transactions involving coastal properties in Grand Prairie, Texas, to carefully review and understand the Grand Prairie Texas Addendum for Coastal Area Property. Seeking legal advice or consulting with a professional real estate agent is highly recommended ensuring compliance with the addendum's terms and to protect the interests of all parties involved.The Grand Prairie Texas Addendum for Coastal Area Property is a legal document that specifically pertains to properties located in the coastal region of Grand Prairie, Texas. This addendum is crucial for buyers and sellers involved in real estate transactions in this area as it addresses unique considerations and regulations associated with coastal properties. The Grand Prairie Texas Addendum for Coastal Area Property includes various provisions that are essential for both buyers and sellers. It ensures that all parties are fully aware of the characteristics, limitations, and risks associated with owning a property in the coastal area of Grand Prairie. This addendum assists in safeguarding the interests of the parties involved and helps reduce the potential for disputes or misunderstandings. Some crucial aspects covered in the Grand Prairie Texas Addendum for Coastal Area Property are: 1. Erosion and Flood Risks: This clause highlights the increased risk of erosion and floods in coastal areas. It specifies that the buyer acknowledges and accepts the potential hazards and assumes responsibility for any related damages or expenses. 2. Coastal Zone Regulations: This section informs all parties about the specific rules and regulations governing development, construction, and modification of properties within the coastal zone. It ensures compliance with the local government's requirements and approval processes. 3. Disclosure of Insurance Availability: This provision prompts sellers to disclose information regarding the availability and cost of property insurance in the coastal area. It helps buyers make informed decisions about insuring their property against potential risks. 4. Riparian Rights: This clause outlines the rights and responsibilities associated with riparian zones, which are essential for properties with waterfront access. It explains the owner's rights regarding shorelines, water access, and structures built within limited zones. 5. Environmental Assessments: This section encourages buyers to conduct thorough environmental assessments on the coastal property prior to the purchase. It is crucial to assess any potential risks, contamination, or hazards that might affect the property. While there may not be different types of Grand Prairie Texas Addendum for Coastal Area Property, variations or amendments may exist based on specific locations within the coastal zone. In such cases, additional provisions may be included to address specific considerations, unique geographic features, or local regulations. It is important for both buyers and sellers engaged in real estate transactions involving coastal properties in Grand Prairie, Texas, to carefully review and understand the Grand Prairie Texas Addendum for Coastal Area Property. Seeking legal advice or consulting with a professional real estate agent is highly recommended ensuring compliance with the addendum's terms and to protect the interests of all parties involved.
