SCh5(P6) Time Is Of The Essence Flashcards

1
Q

The title company has 20 days to provide the title commitment after they receive a sales contract

A

6B

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2
Q

Within ________ days after the effective date of this contract, seller shall furnish the buyer and title company, seller’s existing survey and an insurance T-47 affidavit

A

6C.(1) 

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3
Q

Allows the buyer to choose a number of days to review both the title commitment and survey. If the buyer is unhappy with the results of either, he has negotiated he has the negotiated number of days to address his/her concerns with the seller

The purpose of a municipal utility District (also called a water supply corporation or a utility service provider) is to provide flood, control, or drainage, water, and sewers to residence of the district

A

6D

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4
Q

Texas Water Code requires the Seller to deliver, and the Buyer to sign the M.U.D. disclosure prior to final execution of the contract. (A buyer who has not received. The mud disclosure has a right to terminate the contract.

A

6E3

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5
Q

If the property is located in a certificated service area of a utility service provider (a M.U.D) the buyer must be given notice of this, disclosing to the buyer that there may be an extra charge for having water and sewer services connected

A

6E6

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