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TXR 1942 — Commercial Contract Critical Date List

A one-page consolidated checklist of the critical dates and deadlines in a TXR commercial contract, so that brokers, buyers and sellers can track the key milestones at a glance: the effective date, earnest money and additional earnest money, the financing deadlines from the Commercial Contract Financing Addendum (TXR-1931), title commitment / survey / UCC search delivery and the objection-and-cure sequence, the feasibility period (independent consideration, property information, expiration), estoppel certificate delivery and the closing date. Informational only — it does not amend the contract and the broker assumes no liability for the accuracy of the dates. No party signs it; it is filled and delivered.

Source: TXR
Form Number: 1942
Category: Other
Revised: July 8, 2022

Used For

Commercial Sales

Form Outline

The TXR 1942 form is organized into the following sections:

  1. Property and Party Identification
    "FOR THE COMMERCIAL CONTRACT CONCERNING THE PROPERTY AT ___", "Seller: ___", "Buyer: ___", then the pre-printed disclaimer (informational only, not a legal interpretation, does not modify the contract, broker assumes no liability).
  2. Effective Date
    "EFFECTIVE DATE: (Paragraph 24 and ESCROW RECEIPTS A.)" — the anchor from which most other deadlines are counted.
  3. Earnest Money
    Deadlines for Buyer's delivery of the earnest money and any additional earnest money.
  4. Financing (from Commercial Contract Financing Addendum (TXR-1931))
    Financing deadlines from the Commercial Contract Financing Addendum — third-party financing, assumption and seller financing. Leave blank the lines that do not apply.
  5. Title Policy, Survey, and UCC Search
    Title commitment, survey and UCC search delivery, then the objection-and-cure sequence. The three lines marked ** on the paper are deadlines to be adjusted based upon completion of preceding events.
  6. Feasibility Period
    Buyer's independent consideration, Seller's delivery of property information and the expiration of the feasibility period.
  7. Estoppel Certificates
    Seller's delivery of tenant estoppel certificates under Paragraph 8.B.
  8. Closing Date
    "CLOSING DATE (Paragraph 10.A)". The footnotes (** adjustable deadlines; weekend / federal reserve bank holiday extension under Paragraph 23) are pre-printed.

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