This Memorandum and Notice of Option Agreement is for recording in the official records in order to provide notice that an Option to Purchase exists on a certain parcel of real estate. It is used in lieu of recording the entire Option Agreement.
Houston Texas Notice of Option for Recording
Category:
State:
Texas
City:
Houston
Control #:
TX-OPTION-5
Format:
Word;
Rich Text
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How to fill out Texas Notice Of Option For Recording?
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FAQ
If a deed is not recorded, then the grantor could sell the land to a second grantee. In that case, the second grantee would get to keep the land if they were the first to record their deed and did not have actual knowledge of the deed to the first grantee.
If a deed is missing and can't be recorded, title can't be transferred. Hoping an unrecorded deed doesn't get lost could be devastating to your estate planning. Until the unrecord deed is processed, and title transferred, the holders of the title still own the property. They can mortgage the property or sell it.
If Your Deed Is Not Recorded, the Property Could Be Sold Out From Under You (and Other Scary Scenarios) In practical terms, failure to have your property deed recorded would mean that, if you ever wanted to sell, refinance your mortgage, or execute a home equity line of credit, you could not do so.
To find out what, if any, deed restrictions are attached to a particular piece of acreage, visit the county courthouse in the county where the land is located to check the county deed records.
Birth certificates and marriage licenses are recordable documents. A recordable document is one that is recorded with some type of entity whether it be the Secretary of State's Office, a court of law, a county clerk, or the Bureau of Vital Statistics. Certified copies may be obtained by contacting such entities.
Recording Deeds Texas does not require that a deed be recorded in the county clerk's real property records in order to be valid. The only requirement is that it is executed and delivered to the grantee, which then makes the transfer fully effective.
Question #3: How do I get a copy of my deed restrictions? Answer #3: For most people living in the City of Houston, their property is located in Harris County. Please contact the Harris County Clerk's Office at 713.755. 6405 to request a copy.
STANDARD ? Because Texas has a ?notice? recordation statute, an examiner should not presume that the order of filing or recording of competing instruments establishes priority of right or that unrecorded instruments are subordinate. Common Law Rule ? First in time is first in right.
In Houston, where property is not governed by deed restrictions, a property owner may be free to operate a commercial business in the neighborhood. Most deed restrictions have an average life span of 25 to 30 years.
There are three basic types of recording statutes: race, race-notice, and notice. A race statute protects a subsequent purchaser who records their conveyance first, regardless of whether the subsequent purchaser had notice of any prior conveyances.