Texas § PR.5.0205 - EQUITABLE INTEREST DISCLOSURE
Full text of Texas The Texas Constitution § PR.5.0205 — EQUITABLE INTEREST DISCLOSURE, with citation guidance and answers to common questions.
§ PR.5.0205. EQUITABLE INTEREST DISCLOSURE
EQUITABLE INTEREST DISCLOSURE. Before entering into a contract to sell an option or assign an interest in a contract to purchase real property, a person must disclose in writing to: (1) any potential buyer that the person is selling only an option or assigning an interest in a contract and that the person does not have legal title to the real property; and (2) the owner of the real property that the person intends to sell an option or assign an interest in a contract. Added by Acts 2017, 85th Leg., R.S., Ch. 974 (S.B. 2212 ), Sec. 4, eff. September 1, 2017. Transferred, redesignated and amended from Property Code, Section 5.086 by Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577 ), Sec. 27, eff. January 1, 2024.
Frequently Asked Questions About Texas § PR.5.0205
What does The Texas Constitution § PR.5.0205 cover?
Section PR.5.0205 ("EQUITABLE INTEREST DISCLOSURE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § PR.5.0205?
A common citation format is "The Texas Constitution § PR.5.0205" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § PR.5.0205 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.