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 McKinney Texas Addendum for Property Located Seaward of the Gulf Intracoastal Waterway is an important document that outlines specific terms and conditions for properties situated along the Gulf Intracoastal Waterway in McKinney, Texas. This addendum is designed to address the unique characteristics and potential risks associated with properties in this area, providing comprehensive guidelines for buyers, sellers, and real estate agents involved in transactions related to these properties. Keywords: McKinney Texas Addendum, Property, Seaward, Gulf Intracoastal Waterway, terms and conditions, unique characteristics, potential risks, buyers, sellers, real estate agents, transactions. Types of McKinney Texas Addendum for Property Located Seaward of the Gulf Intracoastal Waterway: 1. Residential Property Addendum: This addendum is specifically tailored for residential properties located along the Gulf Intracoastal Waterway in McKinney, Texas. It outlines provisions regarding flood insurance requirements, seawall maintenance, elevation certificates, and other factors relevant to residential property ownership in this area. 2. Commercial Property Addendum: This addendum caters to commercial properties situated along the Gulf Intracoastal Waterway. It includes clauses related to commercial insurance coverage, specific permits or licenses required for businesses operating near the waterway, maintenance responsibilities, and any additional regulations applicable to commercial property use in this particular location. 3. Land Development Addendum: This type of addendum is applicable when buying or selling undeveloped land located seaward of the Gulf Intracoastal Waterway in McKinney, Texas. It outlines procedures and requirements for land development, including environmental impact assessments, permits needed for building infrastructure near the waterway, and compliance with local zoning regulations. 4. Rental Property Addendum: This addendum addresses the unique considerations involved in renting properties situated along the Gulf Intracoastal Waterway. It covers potential damage caused by hurricanes, tropical storms, or any water-related incident, as well as the responsibility for repair costs and insurance coverage for both landlords and tenants. 5. Easement Addendum: In situations where an easement is required for property located seaward of the Gulf Intracoastal Waterway, this addendum is added to the agreement. It details the terms of the easement, including the purpose, access restrictions, and any payments or compensations involved. The McKinney Texas Addendum for Property Located Seaward of the Gulf Intracoastal Waterway is a crucial document that ensures all parties involved in property transactions in this area are aware of and compliant with the unique regulations and considerations that apply. It helps protect the interests of buyers, sellers, and real estate agents, creating a framework that promotes transparency, clarity, and informed decision-making.The McKinney Texas Addendum for Property Located Seaward of the Gulf Intracoastal Waterway is an important document that outlines specific terms and conditions for properties situated along the Gulf Intracoastal Waterway in McKinney, Texas. This addendum is designed to address the unique characteristics and potential risks associated with properties in this area, providing comprehensive guidelines for buyers, sellers, and real estate agents involved in transactions related to these properties. Keywords: McKinney Texas Addendum, Property, Seaward, Gulf Intracoastal Waterway, terms and conditions, unique characteristics, potential risks, buyers, sellers, real estate agents, transactions. Types of McKinney Texas Addendum for Property Located Seaward of the Gulf Intracoastal Waterway: 1. Residential Property Addendum: This addendum is specifically tailored for residential properties located along the Gulf Intracoastal Waterway in McKinney, Texas. It outlines provisions regarding flood insurance requirements, seawall maintenance, elevation certificates, and other factors relevant to residential property ownership in this area. 2. Commercial Property Addendum: This addendum caters to commercial properties situated along the Gulf Intracoastal Waterway. It includes clauses related to commercial insurance coverage, specific permits or licenses required for businesses operating near the waterway, maintenance responsibilities, and any additional regulations applicable to commercial property use in this particular location. 3. Land Development Addendum: This type of addendum is applicable when buying or selling undeveloped land located seaward of the Gulf Intracoastal Waterway in McKinney, Texas. It outlines procedures and requirements for land development, including environmental impact assessments, permits needed for building infrastructure near the waterway, and compliance with local zoning regulations. 4. Rental Property Addendum: This addendum addresses the unique considerations involved in renting properties situated along the Gulf Intracoastal Waterway. It covers potential damage caused by hurricanes, tropical storms, or any water-related incident, as well as the responsibility for repair costs and insurance coverage for both landlords and tenants. 5. Easement Addendum: In situations where an easement is required for property located seaward of the Gulf Intracoastal Waterway, this addendum is added to the agreement. It details the terms of the easement, including the purpose, access restrictions, and any payments or compensations involved. The McKinney Texas Addendum for Property Located Seaward of the Gulf Intracoastal Waterway is a crucial document that ensures all parties involved in property transactions in this area are aware of and compliant with the unique regulations and considerations that apply. It helps protect the interests of buyers, sellers, and real estate agents, creating a framework that promotes transparency, clarity, and informed decision-making.
