Sec. 5.0205. 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. 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.
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