This is an addendum to an earnest money contract between the parties concerning property described in the addendum. The addendum states that if the property is in close proximity to a beach fronting the Gulf of Mexico, the purchaser is advised that the public has acquired a right of use or easement to or over the area of any public beach by prescription, dedication, or presumption, or has retained a right by virtue of continuous right in the public since time immemorial, as recognized in law and custom. Furthermore, The purchaser is also notified that he/she should seek the advice of an attorney or other qualified person before executing this contract or instrument of conveyance as to the relevance of the statutes and facts to the value of the property that he/she is purchasing or contracting to purchase.
The Austin Texas Addendum for Property Located Seaward of the Gulf Intracoastal Waterway is a legal document that is typically used in real estate transactions involving properties located near or along the Gulf Intracoastal Waterway in Austin, Texas. This addendum is specific to properties that are located on or towards the seaward side of the waterway, indicating their unique characteristics and potential considerations. This addendum serves to modify or supplement the terms and conditions of a standard real estate contract, providing additional clauses and provisions that are relevant to properties in this specific location. It ensures that both the buyer and seller are aware of and agree to the specific requirements and considerations associated with these types of properties. The Austin Texas Addendum for Property Located Seaward of the Gulf Intracoastal Waterway may include various clauses and terms such as: 1. Flood Zone Disclosure: This clause requires the seller to disclose whether the property lies within a designated flood zone, which is particularly important for properties located near water bodies like the Gulf Intracoastal Waterway. 2. Waterfront Restrictions and Regulations: This clause outlines any specific restrictions or regulations imposed by local authorities or homeowners' associations regarding the development, construction, or modification of waterfront properties. It may include guidelines for building setbacks, dock construction, vegetation preservation, and other related restrictions. 3. Erosion and Coastal Erosion Zone: This clause addresses the potentially higher risk of erosion for properties located near the coast. It may require the seller to disclose any known erosion issues and inform the buyer about the possibility of future erosion due to the property's proximity to the waterway. 4. Insurance Considerations: Given the potential risks associated with waterfront properties, this clause may require the buyer to obtain and maintain specific insurance coverage, such as flood insurance, to protect against potential water-related damages. 5. Water Access and Rights: This clause defines the rights and access to the waterway that comes with the property. It may specify whether the property has a dedicated boat slip or access point and indicate any necessary permits or agreements for waterway use. It is important to note that there may not be different types of Austin Texas Addendums for Property Located Seaward of the Gulf Intracoastal Waterway. However, the specific content and language within the addendum may vary depending on the needs of the buyer, seller, or particular circumstances for each transaction.
