Verbal Loan Agreement Texas

Therefore, if you enter into a real estate contract, a contract for the sale of property worth more than $500, or a contract that cannot be executed within a year, make sure you have a signed written agreement. Otherwise, you will not be able to enforce the agreement. Even if the law does not require a written agreement, you should, if possible, take steps to record the agreement in writing. It is not necessary to have a long, computer-generated contract.. . .