PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)
8-13-18[5-7-18][11-2-15]
PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)
NOTICE OF BUYER'S TERMINATION OF CONTRACT
EQUAL
HOUSING
OPPORTUNITY
CONCERNING THE CONTRACT FOR THE SALE OF THE PROPERTY AT
(Street Address and City)
BETWEEN THE UNDERSIGNED BUYER AND
(SELLER)
Buyer notifies Seller that the contract is terminated pursuant to the following:
(1) the unrestricted right of Buyer to terminate the contract
tra
under Paragraph 23 of the
contract.
(2) Buyer cannot obtain Buyer
Approval in accordance
dance with tth
the Third Party Financing
Addendum to the contract.
(3) the Property does not satisfy Property Approval
pproval
val in accordance wi
with the Third Party
D
ra
ft
Financing Addendum to the contract. Buyer has delivered
setting forth
d lender¡¯s
lender written
tten statement
statem
the reason(s) for lender¡¯s determination.
(4) Buyer elects to terminate under Paragraph
aragraph A of the Addendu
Addendum for Property Subject to
Mandatory Membership in a Property Owners'
wners' Association.
ssociation.
(5) Buyer elects to terminate under
nder Paragraph
aph 7B(2)
(2) of the contr
contract relating to the Seller¡¯s
Disclosure Notice.
(6) Buyer elects to terminate
nate under
er Paragraph (3) of the Addendum Concerning Right to
Terminate Due to Lender¡¯s Appraisal.
ppraisal. Buyer has delivered a co
copy of the Appraisal to Seller.
(7) Buyer elects to terminate under Paragraph
Paragr
6.D. of the contract (6.C. for Residential
Condominium Contract)
act)
ct) because Buyer¡¯
Buyer
Buyer¡¯s
¡¯s or Lender¡¯s
Lender tim
timely objections were not cured by the end
of the Cure Period..
(8)[(6)] Other (identify
dentify the paragraph nu
number of contract or the addendum):
NOTE: This notice is not an election of remedies. Release of the earnest money is governed
by the contract.[Release of the earnest money is governed by the terms of the contract.]
CONSULT AN ATTORNEY BEFORE SIGNING: TREC rules prohibit real estate license
holders from giving legal advice. READ THIS FORM CAREFULLY.
Buyer
Date
Buyer
Date
This form has been approved by the Texas Real Estate Commission for use with similarly approved or
promulgated contract forms. Such approval relates to this form only. TREC forms are intended for use
only by trained real estate license holders. No representation is made as to the legal validity or
adequacy of any provision in any specific transactions. It is not suitable for complex transactions.
Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, (512) 936-3000 (http://
trec.) TREC No. 38-6[5]. This form replaces TREC No. 38-5[4].
Page 139 of 202
TREC No.38-6[5]
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