Common use of Property Located in a Certificated Service Area of a Utility Service Provider Clause in Contracts

Property Located in a Certificated Service Area of a Utility Service Provider. If the Property is located in a certified water or sewer service area, Seller hereby notifies Buyer as follows, as is contemplated in Section 13.257 of the Texas Water Code: The Property that you are about to purchase may be located in a certificated water or sewer service area, which is authorized by law to provide water or sewer service to the properties in the certificated area. If your property is located in a certificated area there may be special costs or charges that you will be required to pay before you can receive water or sewer service. There may be a period required to construct lines or other facilities necessary to provide water or sewer service to your property. You are advised to determine if the property is in a certificated area and contact the utility service provider to determine the cost that you will be required to pay and the period, if any, that is required to provide water or sewer service to your property. The undersigned Buyer hereby acknowledges receipt of the foregoing notice at or before the execution of a binding Agreement for the purchase of the Property or at closing of purchase of the Property.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Resource Real Estate Opportunity REIT, Inc.)

Property Located in a Certificated Service Area of a Utility Service Provider. If the Property is located in a certified water or sewer service area, Seller hereby notifies Buyer as follows, as then following disclosure is contemplated in Section 13.257 made for the purpose of the complying with Texas Water CodeCode section 13.257 and is not intended to and does not alter the rights and obligations of Buyer and Seller: The Property that you are about to purchase may be located in a certificated water or sewer service area, which is authorized by law to provide water or sewer service to the properties in the certificated area. If your property Property is located in a certificated area area, then there may be special costs or charges that you will be required to pay before you can receive water or sewer service. There may be a period required to construct lines or other facilities necessary to provide water or sewer service to your property. You are advised to determine if the property is in a certificated area and contact the utility service provider to determine the cost that you will be required to pay and the period, if any, that is required to provide water or sewer service to your property. The undersigned Buyer hereby acknowledges receipt of the foregoing notice at or before the execution of a binding Agreement for the purchase of the Property or at closing Closing of purchase of the Property.

Appears in 1 contract

Sources: Addendum