Tex.
Nat. Resources Code Section 61.025
Disclosure to Purchaser of Property
(a)
Except as provided by Subsection (b), a person who sells or conveys an interest, other than a mineral, leasehold, or security interest, in real property located seaward of the Gulf Intracoastal Waterway to its southernmost point and then seaward of the longitudinal line also known as 97 degrees, 12’, 19" which runs southerly to the international boundary from the intersection of the centerline of the Gulf Intracoastal Waterway and the Brownsville Ship Channel must include in any executory contract for conveyance a statement in substantially the following form:(1)
determine the rate of shoreline erosion in the vicinity of the real property; and(2)
seek the advice of an attorney or other qualified person before executing this contract or instrument of conveyance as to the relevance of these statutes and facts to the value of the property the purchaser is hereby purchasing or contracting to purchase.(b)
If the statement is not included in the executory contract for conveyance or there is no executory contract for conveyance, the statement must be delivered to, and receipt thereof acknowledged by, the purchaser not later than 10 calendar days prior to closing the transaction.(c)
Failure to comply with Subsection (a) or (b), as applicable, shall be grounds for the purchaser to terminate the contract or agreement to convey, and upon termination any earnest money shall be returned to the party making the deposit.(d)
A seller commits a deceptive act under Section 17.46 (Deceptive Trade Practices Unlawful), Business & Commerce Code, if the seller fails to comply with Subsection (a) or Subsection (b), as applicable.(e)
This section, or the failure of a person to give or receive the notice in the manner required by this section, does not diminish or modify the beach access and use rights of the public acquired through statute or under common law.
Source:
Section 61.025 — Disclosure to Purchaser of Property, https://statutes.capitol.texas.gov/Docs/NR/htm/NR.61.htm#61.025
(accessed Jun. 5, 2024).