What can be included in the special provisions paragraph of the contract?

The special provisions paragraph of a contract serves as a flexible area where unique terms and conditions specific to a particular transaction can be included. This can encompass a wide range of information pertinent to the agreement.

Including factual business details helps tailor the contract to the specific needs and context of the transaction, ensuring that all relevant aspects are documented. Statements not covered elsewhere in the contract provide room for any additional agreements or clarifications that parties may need to outline, which might not fit into the standard format or pre-printed sections of the contract. Moreover, any information that does not have a corresponding TREC promulgated addendum can also be placed in this section, allowing for customization that reflects the specific circumstances of the deal.

By acknowledging all these elements as acceptable inclusions, the special provisions paragraph ensures that the contract can be comprehensive and reflective of the parties’ true intentions, accommodating aspects that standardized contracts may not typically cover. This adaptability of the special provisions is key to addressing the unique aspects of a real estate transaction in Texas.