Texas SB1107 allows real property purchasers to terminate contracts if sellers fail to disclose public improvement district status.

Texas SB1107 amends the Property Code to give purchasers the right to terminate a real property contract if the seller did not provide notice that the property is in a public improvement district. The purchaser can terminate the contract within seven days of receiving the notice. This change applies to contracts executed after the bill's effective date. If the bill receives a two-thirds vote in both houses, it takes effect immediately; otherwise, it becomes effective September 1, 2025.

Texas SB1107 allows real property purchasers to terminate contracts if sellers fail to disclose public improvement district status.

Texas SB1107 amends the Property Code to give purchasers the right to terminate a real property contract if the seller did not provide notice that the property is in a public improvement district. The purchaser can terminate the contract within seven days of receiving the notice. This change applies to contracts executed after the bill's effective date. If the bill receives a two-thirds vote in both houses, it takes effect immediately; otherwise, it becomes effective September 1, 2025.