Texas Property Code 301.113 – Effect of Commission Order
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Terms Used In Texas Property Code 301.113
- Contract: A legal written agreement that becomes binding when signed.
- 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
A commission order under § 301.112 does not affect a contract, sale, encumbrance, or lease that:
(1) is consummated before the commission issues the order; and
(2) involves a bona fide purchaser, encumbrancer, or tenant who did not have actual notice of the charge filed under this chapter.