Commercial Contract Termination Notice
Plain-English form education, related documents, and how the pieces connect.
What this form is for
May be used by a buyer or seller under a commercial contract to notify the other party that the contract is terminated under a specific provision of the contract. The most common basis of termination is likely to be under the feasibility and option period, to which the termination notice specifically refers. The form also facilitates the delivery of a release of earnest money.
Key sections and how to complete the form
Use the form in order. The sections below explain the main decisions, blanks, disclosures, or deadlines the form is designed to address. Complete the actual form from the transaction facts and the instructions printed on the current version.
Identify the agreement and parties
Make sure the notice references the correct property, agreement, sender, and recipient.
State the triggering event or election
Complete the portion of the form that identifies why the notice is being given and any date or deadline stated in the form.
Delivery matters
Keep evidence of how and when the notice was delivered because rights and deadlines may depend on delivery.
Related forms and resources
These documents may connect to this form depending on the property, financing, occupancy, disclosure requirements, or other facts of the transaction. Open the related resource to see what it does and how it is completed.
No additional form relationship is stated in the supplied reference material for this resource. Use the form description and your broker’s file requirements to determine whether anything else is needed.
This is an educational guide. Access the current TXR form through your authorized Texas REALTORS® forms provider or brokerage forms system.
Need further assistance?
For transaction-specific questions, contact your broker or Broker Rochelle Fitzgerald at Fitz & Co. Real Estate.
For educational purposes only. Agents should verify current forms and consult with their broker when needed.