Contract

TXR 1608 — New Residential Condominium Contract (Complete Construction)

This contract is used for the sale of a new residential condominium unit where construction is already complete. It addresses condominium-specific issues including the Condominium Information Statement (Section 82.153), the declaration and plat, common and limited common elements, parking areas, the

Source: TXR
Form Number: 1608
Category: Contract
Revised: February 3, 2025

Used For

Residential Sales

Form Outline

The TXR 1608 form is organized into the following sections:

  1. Effective Date
    The date this contract becomes binding (final acceptance by the last party to sign). All deadlines on this contract calculate from this date — set it first so the wizard can show you the exact dates as you go.
  2. Parties
    Identifies the seller (declarant/builder) and buyer.
  3. Property and Condominium Information Statement
    Describes the condo unit, what is included, Condominium Information Statement requirements, and right of refusal provisions.
  4. Sales Price
    Breaks down total sales price into cash at closing and financed amounts.
  5. Leases
    Covers existing leases on the property. Natural resource lease delivery and termination provisions included.
  6. Earnest Money and Termination Option
    Establishes earnest money, option fee, escrow agent, and the termination option period with strict timing.
  7. Title Policy
    Title insurance, commitment delivery, objection rights, cure period, and statutory notices.
  8. Property Condition
    Addresses inspections, property condition acceptance, warranties, insulation, repairs, environmental matters, and conversion status.
  9. Brokers, Closing, and Possession
    Broker disclosures, closing mechanics, and possession arrangements.
  10. Special Provisions
    Space for informational items. Agents must not draft legal provisions.
  11. Settlement, Prorations, Casualty Loss, and Default
    Closing costs, prorations, casualty loss provisions, and default remedies.
  12. Mediation, Attorney's Fees, Escrow, Representations, Federal Requirements, Notices, Agreement of Parties, Consult an Attorney
    Standard contract provisions: mediation, attorney's fees, escrow procedures, seller representations, FIRPTA, notices, and addenda checklist.
  13. Execution, Broker Information, and Receipts
    Execution block, Chapter 27 notice, signatures, broker info, and receipt forms. The Effective Date (date of final acceptance) is captured at the top of the wizard.

How RaiderX Agents Use This Form

When you upload a signed TXR 1608 to a deal in RaiderX's Deal Manager, it reads the form's key dates and terms and automatically builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing. Forms with a fill map also support e-signature directly inside RaiderX, so you can send this document for signature without leaving the platform.

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