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Amend CSHB 1823 (House Committee Printing) as follows:
(1) On page 1, line 20, between "(d)" and "to read", insert
"and adding Subsection (e)".
(2) On page 2, line 2, between "subchapter" and the
underlined colon, insert ", and only for the purposes of this
subchapter".
(3) On page 2, lines 5-6, strike "a residential lease of real
property that includes an option to purchase the property" and
substitute "an option to purchase real property that includes or is
combined or executed concurrently with a residential lease
agreement, together with the lease,".
(4) On page 2, between lines 15 and 16, insert the following:
(e) This subchapter does not apply to an executory contract
described by Subsection (a)(2) if the term of the contract is three
years or less and the purchaser and seller have not been parties to
an executory contract to purchase the property covered by the
executory contract for longer than three years.