Extending the Termination Option in Texas Real Estate Contracts

When one of the parties needs more Option time than originally anticipated, the parties can mutually agree to an extension of the Option Period. Read more about the Termination Option [...]

The Termination Option in Texas Real Estate Contracts

The contract forms promulgated by the Texas Real Estate Commission (TREC) have a somewhat peculiar provision called the Option Period. You may have heard the term “option contract” before, but options in real estate contracts are typically concerned with the [...]