Tx cont-16

1. Unit 9: Contracts Used in
Real Estate Transactions,
Part II

2. UNIT 9: CONTRACTS USED IN REAL
ESTATE TRANSACTIONS, PART II
Residential Lease Agreement, Sections 1-18
 1. Parties
 2. Property
 3. Term
 4. Automatic Renewal and Notice of Termination
 5. Rent
 6. Late Charges
 7. Returned Payments
 8. Application of Funds
 9. Pets
 10. Security Deposit
 Refundable Deposits
 Non-Refundable Fees

3. UNIT 9: CONTRACTS USED IN REAL
ESTATE TRANSACTIONS, PART II
Residential Lease Agreement, Sections 1-18
 11. Utilities
 12. Use and Occupancy
 13. Parking Rules/Policy on Towing Cars
 14. Access by Landlord
 15. Move-In Condition
 16. Move-Out
 17. Property Maintenance
 18. Repairs

4. UNIT 9: CONTRACTS USED IN REAL
ESTATE TRANSACTIONS, PART II
Residential Lease Agreement, Section 19 –
Residential Rules and Regulations
 19. Security Devices and Exterior Door Locks
 20. Smoke Detectors & Fire Extinguishers
 21. Liability
 22. Holdover
 23. Taking Tenant’s Property
 Landlord Lien
 Abandonment
 24. Subordination
 25. Casualty Loss or Condemnation

5. UNIT 9: CONTRACTS USED IN REAL
ESTATE TRANSACTIONS, PART II
Residential Lease Agreement, Section 19 –
Residential Rules and Regulations
 26. Special Provisions
 27. Default
 28. Early Termination
 29. Attorney’s Fees
 30. Representations
 31. Addenda
 32. Notices
 33. Agreement of Parties
 34. Information

6. UNIT 9: CONTRACTS USED IN REAL
ESTATE TRANSACTIONS, PART II
Residential Lease Agreement, Section 19 –
Residential Rules and Regulations
 Residential Rules & Regulations
 Maximum Number of Occupants
 Insurance
 Limits on Visitors
 Smoking
 Waterbeds
 Satellite Dish

7. UNIT 9: CONTRACTS USED IN REAL
ESTATE TRANSACTIONS, PART II
Ways to Terminate or Discharge a Lease
 Abandonment
 Surrender
 Discharge of Lease in Bankruptcy

8. UNIT 9: CONTRACTS USED IN REAL
ESTATE TRANSACTIONS, PART II
 What Is An Executory Contract?
 What are the Requirements for Executory Contracts?
 Seller’s Disclosure of Property Condition
 Punitive Fees and Clauses are Prohibited
 Cancellation and Refund
 Recording Requirement
 Annual Accounting Statement
 Title Transfer and the Buyer’s Right to Convert the Contract
 Purchaser’s Default and Seller’s Remedies
 Seller Remedies
 Default Notice
 Purchaser’s Equity Protection ("40 or 48 Rule")

9. UNIT 9: CONTRACTS USED IN REAL
ESTATE TRANSACTIONS, PART II
Types of Executory Contracts
 Lease-Purchases
 Lease-Purchase-Option Hybrids
 Lease-Options
 Contracts for Deed