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Option fee (Texas) In a real estate context, an option fee is money paid by a Buyer to a Seller for the option to terminate a real estate contract . Option fee funds should not be confused with earnest money . The use of option fees is most common in the residential resale market in Texas. [citation needed]
Private transfer fee. A private transfer fee covenant [1] is a legal instrument that is filed in the real property records, which imposes an assessment payable in connection with a series of future transfers of title to certain real property. The assessment [2] can be for a fixed amount or a percentage of the sales price, and typically runs for ...
Home warranty is one of several terms for a contract between homeowners and companies that cover some of the costs associated with specific repairs and replacements of household objects. Related industries often use such terms as residential service contract and appliance warranty plan. Just as is the case with home warranty in states such as ...
This time, usually just a few days, gives either party the chance to back out of the contract if their lawyer notices a problem. Coming to a mutual agreement: In some cases, simply asking the ...
As part of this rate case, Texas Gas has provided two different rate options for residential customers: For smaller households, a flat monthly fee of $25.50, plus a charge of 69 cents per CCF of ...
In most cases, a person who wants to buy a residence within the area of a homeowner association must become a member, and therefore must obey the governing documents including articles of incorporation, CC&Rs (covenants, conditions and restrictions) and by-laws—which may limit the owner's choices, for example, exterior design modifications (e ...
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