Common use of Property Condition Disclosure Clause in Contracts

Property Condition Disclosure. The Successful Bidder agrees and acknowledges that any dwelling or residential building, if any, located on the SAWS Land has a value less than five percent (5%) of the overall value of the SAWS Land and therefore SAWS' is not required to submit any property condition disclosure pursuant to Texas Property Code Sec. 5.008. Additionally, the Successful Bidder agrees and acknowledges that the SAWS Land is not "residential real property" subject to any federally mandated lead paint disclosures.

Appears in 6 contracts

Samples: Purchase Agreement, Purchase Agreement and Bidding Instructions, Purchase Agreement and Bidding Instructions

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