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.
McKinney Texas Addendum for Coastal Area Property is a legal document that serves as an additional agreement to the standard real estate contract. This specific addendum is tailored for properties located in the coastal area of McKinney, Texas. It provides additional provisions and clauses to address unique concerns and requirements related to coastal properties. Key provisions within the McKinney Texas Addendum for Coastal Area Property might include: 1. Flood Zone Disclosure: This section outlines whether the property is located within a designated flood zone and provides details on the flood risks associated with the area. 2. Windstorm Certification: Coastal areas often face higher risks of severe weather, including hurricanes and strong winds. This section requires the seller to provide a windstorm certification, indicating whether the property meets the regional building codes for wind-resistant construction. 3. Erosion and Shoreline Stability: Given the proximity to the coast, erosion and shoreline stability are significant factors to consider. This addendum may require the seller to disclose any known issues related to erosion or shoreline stability on the property. 4. Coastal Zoning and Restrictions: Coastal areas often have specific zoning regulations and restrictions to ensure environmental protection and sustainable development. This section outlines any applicable coastal zoning regulations that the buyer must adhere to. 5. Beach Access Rights: If the property provides direct or nearby access to the beach, this addendum might include provisions clarifying the buyer's rights or restrictions related to beach access, such as easements or shared access agreements. 6. Insurance Requirements: Coastal properties typically require specialized insurance coverage, such as flood insurance or windstorm insurance. The addendum may specify the type and minimum coverage limits required for the property. Types of McKinney Texas Addendum for Coastal Area Property: 1. Residential Coastal Property Addendum: This addendum is specifically designed for residential properties located in the coastal area of McKinney, Texas. It includes provisions relevant to single-family homes, townhouses, or condominiums. 2. Commercial Coastal Property Addendum: This addendum caters to commercial properties, such as office buildings, retail spaces, or industrial complexes, situated in the coastal area of McKinney, Texas. It addresses unique commercial considerations related to coastal locations. 3. Vacation Rental Coastal Property Addendum: This type of addendum focuses on properties used for short-term vacation rentals, such as beach houses or condominiums in the coastal area of McKinney, Texas. It may include additional provisions regarding guest occupancy limits, rental duration restrictions, and property management responsibilities. In conclusion, the McKinney Texas Addendum for Coastal Area Property is a specialized legal document that provides additional provisions to address the unique considerations of properties located in the coastal area of McKinney, Texas. Different types of addenda exist to cater to specific property types, including residential, commercial, and vacation rental properties.
