Texas Natural Resources Code Chapter 31 > Subchapter A – General Provisions
Current as of: 2024 | Check for updates
|
Other versions
| § 31.001 | Definitions |
| § 31.002 | Exemption From Certain Real Estate Transaction Laws |
Terms Used In Texas Natural Resources Code Chapter 31 > Subchapter A - General Provisions
- Appraisal: A determination of property value.
- Contract: A legal written agreement that becomes binding when signed.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Statute: A law passed by a legislature.