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 Houston Texas Addendum for Coastal Area Property is a legal document that is specific to properties located in the coastal areas of Houston, Texas. This addendum serves as an extension to the standard real estate contract and includes additional terms and conditions that apply specifically to properties situated in these coastal regions. This addendum is crucial for properties in coastal areas due to the unique challenges and risks associated with these locations. It is designed to address concerns related to hurricanes, flooding, high winds, and other natural disasters that can affect coastal regions. The Houston Texas Addendum for Coastal Area Property typically includes several key provisions to protect buyers and sellers of coastal properties. These provisions may include: 1. Disclosure Requirements: The addendum may require the seller to provide detailed information about the property's history, including any past flood damage, insurance claims, or environmental concerns. This information allows the buyer to make an informed decision regarding the property's suitability and potential risks. 2. Insurance Requirements: Due to the increased risk of natural disasters in coastal areas, the addendum may specify that the buyer must obtain specific types of insurance coverage, such as windstorm insurance or flood insurance. This helps safeguard the buyer's investment and provides financial protection in the event of a disaster. 3. Repairs and Remediation: The addendum may outline the responsibilities of the buyer and seller regarding repairs and remediation of any damage caused by natural disasters. It may specify the timeframe in which necessary repairs must be made and the party responsible for covering the costs. 4. Termination Rights: In certain circumstances, such as after a severe natural disaster, the addendum may grant the buyer the right to terminate the contract without penalty. This provision allows the buyer to reconsider the purchase if the property is significantly impacted by a disaster shortly before closing. There may be different types of Houston Texas Addendum for Coastal Area Property, depending on the specific needs and requirements of the parties involved. Some possible variations could include addenda specifically tailored for properties located in designated flood zones, homes with waterfront access, or properties situated in areas prone to hurricane damage. In conclusion, the Houston Texas Addendum for Coastal Area Property is a vital document to ensure that the unique risks and challenges associated with coastal properties in Houston are appropriately addressed. It offers protection for both buyers and sellers, providing a clear framework for disclosure, insurance coverage, repairs, and termination rights in the event of natural disasters.The Houston Texas Addendum for Coastal Area Property is a legal document that is specific to properties located in the coastal areas of Houston, Texas. This addendum serves as an extension to the standard real estate contract and includes additional terms and conditions that apply specifically to properties situated in these coastal regions. This addendum is crucial for properties in coastal areas due to the unique challenges and risks associated with these locations. It is designed to address concerns related to hurricanes, flooding, high winds, and other natural disasters that can affect coastal regions. The Houston Texas Addendum for Coastal Area Property typically includes several key provisions to protect buyers and sellers of coastal properties. These provisions may include: 1. Disclosure Requirements: The addendum may require the seller to provide detailed information about the property's history, including any past flood damage, insurance claims, or environmental concerns. This information allows the buyer to make an informed decision regarding the property's suitability and potential risks. 2. Insurance Requirements: Due to the increased risk of natural disasters in coastal areas, the addendum may specify that the buyer must obtain specific types of insurance coverage, such as windstorm insurance or flood insurance. This helps safeguard the buyer's investment and provides financial protection in the event of a disaster. 3. Repairs and Remediation: The addendum may outline the responsibilities of the buyer and seller regarding repairs and remediation of any damage caused by natural disasters. It may specify the timeframe in which necessary repairs must be made and the party responsible for covering the costs. 4. Termination Rights: In certain circumstances, such as after a severe natural disaster, the addendum may grant the buyer the right to terminate the contract without penalty. This provision allows the buyer to reconsider the purchase if the property is significantly impacted by a disaster shortly before closing. There may be different types of Houston Texas Addendum for Coastal Area Property, depending on the specific needs and requirements of the parties involved. Some possible variations could include addenda specifically tailored for properties located in designated flood zones, homes with waterfront access, or properties situated in areas prone to hurricane damage. In conclusion, the Houston Texas Addendum for Coastal Area Property is a vital document to ensure that the unique risks and challenges associated with coastal properties in Houston are appropriately addressed. It offers protection for both buyers and sellers, providing a clear framework for disclosure, insurance coverage, repairs, and termination rights in the event of natural disasters.
