§ 5.061 Definition
§ 5.062 Applicability
§ 5.0621 Construction With Other Law
§ 5.0622 Additional Applicability: Certain Counties
§ 5.063 Notice
§ 5.064 Seller’s Remedies On Default
§ 5.065 Right to Cure Default
§ 5.066 Equity Protection; Sale of Property
§ 5.067 Placement of Lien for Utility Service
§ 5.068 Foreign Language Requirement
§ 5.069 Seller’s Disclosure of Property Condition
§ 5.070 Seller’s Disclosure of Tax Payments and Insurance Coverage
§ 5.071 Seller’s Disclosure of Financing Terms
§ 5.072 Oral Agreements Prohibited
§ 5.073 Contract Terms, Certain Waivers Prohibited
§ 5.074 Purchaser’s Right to Cancel Contract Without Cause
§ 5.075 Purchaser’s Right to Pledge Interest in Property On Contracts Entered Into Before September 1, 2001
§ 5.076 Recording Requirements
§ 5.077 Annual Accounting Statement
§ 5.078 Disposition of Insurance Proceeds
§ 5.079 Title Transfer
§ 5.080 Liability for Disclosures
§ 5.081 Right to Convert Contract
§ 5.082 Request for Balance and Trustee
§ 5.083 Right to Cancel Contract for Improper Platting
§ 5.084 Right to Deduct
§ 5.085 Fee Simple Title Required; Maintenance of Fee Simple Title
§ 5.087 Additional Provisions: Certain Counties

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Terms Used In Texas Property Code Chapter 5 > Subchapter D - Executory Contract for Conveyance

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Affidavit: means a statement in writing of a fact or facts signed by the party making it, sworn to before an officer authorized to administer oaths, and officially certified to by the officer under his seal of office. See Texas Government Code 312.011
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Ex officio: Literally, by virtue of one's office.
  • Executor: A male person named in a will to carry out the decedent
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Intestate: Dying without leaving a will.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Justice: when applied to a magistrate, means justice of the peace. See Texas Government Code 312.011
  • Late-payment fee: The fee that will be imposed when your payment is late. Source: Federal Reserve
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Population: means the population shown by the most recent federal decennial census. See Texas Government Code 311.005
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Signature: includes the mark of a person unable to write, and "subscribe" includes the making of such a mark. See Texas Government Code 312.011
  • Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
  • Week: means seven consecutive days. See Texas Government Code 311.005
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005