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 Pasadena Texas Addendum for Coastal Area Property is a legal and comprehensive document specifically designed to address the unique considerations and requirements associated with properties located in coastal areas of Pasadena, Texas. This addendum serves as an additional attachment to the standard real estate purchase agreement, providing essential provisions and clauses tailored to ensure the protection and compliance of both buyers and sellers in this specific geographical location. Key elements covered in the Pasadena Texas Addendum for Coastal Area Property may include: 1. Flood Zone Disclosure: This section requires the seller to disclose whether the property is located within a designated flood zone, as determined by the Federal Emergency Management Agency (FEMA). It details the flood insurance requirements and potential risks associated with living in a coastal area prone to flooding. 2. Windstorm Insurance: In coastal regions like Pasadena, windstorm insurance plays a crucial role due to the increased risks of hurricane or tropical storm damages. This section outlines the necessity for the buyer to secure windstorm insurance coverage, according to the Texas Windstorm Insurance Association (TWIN) guidelines. 3. Erosion Disclosure: As coastal properties are prone to erosion or land-loss issues, this section educates the buyer about potential erosion hazards, prior property damages caused by erosion, and any protective measures that might be in place to prevent future losses. 4. Coastal Construction Permits: Certain constructions, improvements, or repairs near the coast may require specific permits or compliance with local building codes. This portion describes the obligations of the buyer and seller regarding obtaining necessary permits before any construction activity on the property. 5. Property Inspections: The addendum may include provisions for additional inspections specific to coastal area properties. These inspections could cover aspects like structural integrity, foundation stability, seawall conditions, or any other coastal hazards. 6. Seawall Maintenance and Responsibilities: In case the property includes a seawall, this section outlines the maintenance responsibilities of the buyer and seller to ensure the structure's integrity and compliance with regulations. While there might not be different types of Pasadena Texas Addenda for Coastal Area Property, the content and requirements may vary depending on the location within Pasadena and the exact characteristics of the property. It is crucial for buyers and sellers to consult with qualified real estate professionals, attorneys, or local authorities to ensure compliance with all applicable regulations and obtain the necessary knowledge to protect their interests.
