How do I count contract days?

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07/01/2014 | Author: TAR Legal Staff

I’m under contract on a property with a 10-day option period beginning on July 1. My agent says my termination option expires July 11. I think it expires July 12 because the Fourth of July, as a federal holiday, doesn’t count. Who is correct?

Your agent is right. The days referred to in Texas Real Estate Commission (TREC) contracts are calendar days. That means all days, including weekend days and holidays, are counted when calculating deadlines.

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Categories: Legal, Buyers
Tags: consumers, legal faq, buying


Gilbert Franklin on 11/24/2015

Can an offer contract use the words “10 business days” in the Option Period clause?  Is this permissible to override the calendar day definition as used by TREC?

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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on Any legal or other information found here, on, or at other sites to which we link, should be verified before it is relied upon.

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