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TX SB1107
Bill
Status
2/5/2025
Primary Sponsor
Tan Parker
Click for details
AI Summary
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Allows property purchasers to terminate a real estate contract for any reason within 7 days of receiving notice that the property is located in a public improvement district, if the seller failed to provide this notice before contract execution
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Limits the termination right to situations where the municipality or county had filed a copy of the public improvement district service plan with the county clerk before the contract date
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Applies only to property sales and conveyances with binding contracts executed on or after the effective date
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Takes effect immediately with a two-thirds legislative vote, otherwise becomes effective September 1, 2025
Legislative Description
Relating to the right of a purchaser to terminate a contract of purchase and sale of real property for failure to provide notice that the property is located in a public improvement district.
Property Interests
Last Action
Referred to Business & Commerce
2/24/2025