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Tex. Prop. Code § 5.077 (2026)

Annual Accounting Statement

✓ current as of May 2026
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Sec. 5.077. ANNUAL ACCOUNTING STATEMENT. (a) The seller shall provide the purchaser with an annual statement in January of each year for the term of the executory contract. If the seller mails the statement to the purchaser, the statement must be postmarked not later than January 31.

(b) The statement must include the following information:

(1) the amount paid under the contract;

(2) the remaining amount owed under the contract;

(3) the number of payments remaining under the contract;

(4) the amounts paid to taxing authorities on the purchaser's behalf if collected by the seller;

(5) the amounts paid to insure the property on the purchaser's behalf if collected by the seller;

(6) if the property has been damaged and the seller has received insurance proceeds, an accounting of the proceeds applied to the property; and

(7) if the seller has changed insurance coverage, a legible copy of the current policy, binder, or other evidence that satisfies the requirements of Section 5.070(a)(2).

(c) A seller who conducts less than two transactions in a 12-month period under this section who fails to comply with Subsection (a) is liable to the purchaser for:

(1) liquidated damages in the amount of $100 for each annual statement the seller fails to provide to the purchaser within the time required by Subsection (a); and

(2) reasonable attorney's fees.

(d) A seller who conducts two or more transactions in a 12-month period under this section who fails to comply with Subsection (a) is liable to the purchaser for:

(1) liquidated damages in the amount of $250 a day for each day after January 31 that the seller fails to provide the purchaser with the statement, but not to exceed the fair market value of the property; and

(2) reasonable attorney's fees.

(e) The requirements of this section continue to apply after a purchaser obtains title to the property by conversion or any other process.

Added by Acts 1995, 74th Leg., ch. 994, Sec. 3, eff. Sept. 1, 1995. Renumbered from Property Code Sec. 5.100 and amended by Acts 2001, 77th Leg., ch. 693, Sec. 1, eff. Sept. 1, 2001.

Amended by:

Acts 2005, 79th Leg., Ch. 978 (H.B. 1823), Sec. 5, eff. September 1, 2005.

Acts 2015, 84th Leg., R.S., Ch. 996 (H.B. 311), Sec. 6, eff. September 1, 2015.

Notes of Decisions
Cited in 31 cases, 2003–2020 · leading case: Flores v. Millennium Interests, Ltd., 185 S.W.3d 427 (Tex. 2005).
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Flores v. Millennium Interests, Ltd., 185 S.W.3d 427 (Tex. 2005). · cites it 12× “See Tex. Prop.Code § 5.077. If the seller fails to send the statement on time, the statute makes the seller liable to the purchaser for "liquidated damages" and attorney's fees.”
Rex Smith v. Kelly Davis & Amber Davis, 462 S.W.3d 604 (Tex. App.—Tyler 2015). · cites it 10× “Rex’ Smith and Nancy Smith appeal the trial court’s judgment in favor of Kelly Davis and Amber Davis based on Texas Property Code Section 5.077. The Smiths raise fourteen issues on appeal.”
Kevin T. Morton v. Hung Nguyen & Carol S. Nguyen, 369 S.W.3d 659 (Tex. App.—Houston [14th Dist.] 2012). · cites it 6× “Additionally, the Nguyens sought liquidated damages for Morton’s failure to comply with mandatory annual accounting statement requirements under Texas Property Code section 5.077, which requires the seller to provide an accounting statement with specific information regarding…”
Kevin T. Morton v. Hung Nguyen & Carol S. Nguyen, 412 S.W.3d 506 (Tex. 2013). · cites it 4× “3d at 433 (construing Tex. Prop.Code § 5.077). Regardless of whether or how “punitive” the statute may be, I see no need to consider legislative history or to argue about the statute’s unstated “purpose” when its stated effect is clear.”
Burrus v. Reyes, 516 S.W.3d 170 (Tex. App.—El Paso 2017). · cites it 2× “Tex. Prop. Code Ann. § 5.077 (a) (West Supp.”
Nguyen v. Yovan, 317 S.W.3d 261 (Tex. App.—Houston [1st Dist.] 2009). · cites it 2× “See Tex. Prop.Code Ann. § 5.077 (Vernon Supp.”
Quran Bryant, Stephen A. Barfield, & Grace Everett v. Dennis J. Cady, Ind. & as Tr. of the Dennis J. Cady Living Trust D/B/A Cady Enter., 445 S.W.3d 815 (Tex. App.—Texarkana 2014). · cites it 3× “Tex. Prop.Code Ann. § 5.077. Three different individuals, Quran Bryant, Stephen A.”
Jerry Weaks & Joyce Weaks v. Kathleen Jeanette White, 479 S.W.3d 432 (Tex. App.—Tyler 2015). · cites it 5× “See Tex. Prop. Code Ann. § 5.077 (c)(2) (West 2014).”
Henderson v. Love, 181 S.W.3d 810 (Tex. App.—Texarkana 2005). · cites it 2× “*814 Tex. PROp.Code AnN. § 5.077. 4 Act of May-18, 2001, 77th Leg.”
Ahf-Arbors at Huntsville I, LLC & Ahf-Arbors at Huntsville II, Llc v. Walker Cnty. Appraisal Dist., 410 S.W.3d 831 (Tex. 2012). “Tex. Prop.Code § 5.077(a). . Id. § 5.077(c)-(d).”
Garden Ridge, L.P. v. Advance Int'l, Inc., & Herbert A. Feinberg, 403 S.W.3d 432 (Tex. App.—Houston [14th Dist.] 2013). “The Flores court addressed the circumstances under which a seller of real property under a contract for deed may be liable for the statutory “liquidated damages” afforded in Texas Property Code section 5.077(c). See id.”
Marker v. Garcia, 185 S.W.3d 21 (Tex. App.—San Antonio 2005). “Tex. PROp.Code Ann. § 5.077(a) (Vernon 2004).”
Show all 31 citing cases →
Tex. Prop. Code § 5.077(a): 6 cases
Flores v. Millennium Interests, Ltd., 185 S.W.3d 427 (Tex. 2005). “See Tex. Prop.Code § 5.077. If the seller fails to send the statement on time, the statute makes the seller liable to the purchaser for "liquidated damages" and attorney's fees.”
Ahf-Arbors at Huntsville I, LLC & Ahf-Arbors at Huntsville II, Llc v. Walker Cnty. Appraisal Dist., 410 S.W.3d 831 (Tex. 2012). “Tex. Prop.Code § 5.077(a). . Id. § 5.077(c)-(d).”
Marker v. Garcia, 185 S.W.3d 21 (Tex. App.—San Antonio 2005). “Tex. PROp.Code Ann. § 5.077(a) (Vernon 2004).”
Flores v. Millennium Interests, Ltd., 273 F. Supp. 2d 899 (S.D. Tex. 2003).
Rex Smith v. Kelly Davis & Amber Davis, No. 12-14-00007-CV (Tex. App.—Tyler Aug. 20, 2014).
Tex. Prop. Code § 5.077(b): 3 cases
Kevin T. Morton v. Hung Nguyen & Carol S. Nguyen, 412 S.W.3d 506 (Tex. 2013). “3d at 433 (construing Tex. Prop.Code § 5.077). Regardless of whether or how “punitive” the statute may be, I see no need to consider legislative history or to argue about the statute’s unstated “purpose” when its stated effect is clear.”
Henderson v. Love, 181 S.W.3d 810 (Tex. App.—Texarkana 2005). “*814 Tex. PROp.Code AnN. § 5.077. 4 Act of May-18, 2001, 77th Leg.”
Flores v. Millennium Interests, Ltd., 464 F.3d 521 (5th Cir. 2006).
Tex. Prop. Code § 5.077(b)(2): 2 cases
Flores v. Millennium Interests, Ltd., 185 S.W.3d 427 (Tex. 2005). “See Tex. Prop.Code § 5.077. If the seller fails to send the statement on time, the statute makes the seller liable to the purchaser for "liquidated damages" and attorney's fees.”
Flores v. Millennium Interests, Ltd., 464 F.3d 521 (5th Cir. 2006).
Tex. Prop. Code § 5.077(b)(4): 1 case
Kevin T. Morton v. Hung Nguyen & Carol S. Nguyen, 369 S.W.3d 659 (Tex. App.—Houston [14th Dist.] 2012). “Additionally, the Nguyens sought liquidated damages for Morton’s failure to comply with mandatory annual accounting statement requirements under Texas Property Code section 5.077, which requires the seller to provide an accounting statement with specific information regarding…”
Tex. Prop. Code § 5.077(c): 8 cases
Flores v. Millennium Interests, Ltd., 185 S.W.3d 427 (Tex. 2005). “See Tex. Prop.Code § 5.077. If the seller fails to send the statement on time, the statute makes the seller liable to the purchaser for "liquidated damages" and attorney's fees.”
Kevin T. Morton v. Hung Nguyen & Carol S. Nguyen, 412 S.W.3d 506 (Tex. 2013). “3d at 433 (construing Tex. Prop.Code § 5.077). Regardless of whether or how “punitive” the statute may be, I see no need to consider legislative history or to argue about the statute’s unstated “purpose” when its stated effect is clear.”
Garden Ridge, L.P. v. Advance Int'l, Inc., & Herbert A. Feinberg, 403 S.W.3d 432 (Tex. App.—Houston [14th Dist.] 2013). “The Flores court addressed the circumstances under which a seller of real property under a contract for deed may be liable for the statutory “liquidated damages” afforded in Texas Property Code section 5.077(c). See id.”
William Dean McGee, Pers. Rep. of the Est. of Helen McGee v. Roberta Caulfield, No. 01-07-00055-CV (Tex. App.—Houston [1st Dist.] Apr. 30, 2009).
Marcos Montalvo A/K/A Jose Marcos Montalvo v. Manuel Guerra & Rosita Guerra, No. 13-18-00565-CV (Tex. App.—Corpus Christi–Edinburg Dec. 17, 2020).
Tex. Prop. Code § 5.077(c)(1): 1 case
Flores v. Millennium Interests, Ltd., 185 S.W.3d 427 (Tex. 2005). “See Tex. Prop.Code § 5.077. If the seller fails to send the statement on time, the statute makes the seller liable to the purchaser for "liquidated damages" and attorney's fees.”
Tex. Prop. Code § 5.077(c)(2): 1 case
Jerry Weaks & Joyce Weaks v. Kathleen Jeanette White, 479 S.W.3d 432 (Tex. App.—Tyler 2015). “See Tex. Prop. Code Ann. § 5.077 (c)(2) (West 2014).”
Tex. Prop. Code § 5.077(c)(l): 1 case
Quran Bryant, Stephen A. Barfield, & Grace Everett v. Dennis J. Cady, Ind. & as Tr. of the Dennis J. Cady Living Trust D/B/A Cady Enter., 445 S.W.3d 815 (Tex. App.—Texarkana 2014). “Tex. Prop.Code Ann. § 5.077. Three different individuals, Quran Bryant, Stephen A.”
Tex. Prop. Code § 5.077(d): 2 cases
Kevin T. Morton v. Hung Nguyen & Carol S. Nguyen, 412 S.W.3d 506 (Tex. 2013). “3d at 433 (construing Tex. Prop.Code § 5.077). Regardless of whether or how “punitive” the statute may be, I see no need to consider legislative history or to argue about the statute’s unstated “purpose” when its stated effect is clear.”
Rex Smith v. Kelly Davis & Amber Davis, No. 12-14-00007-CV (Tex. App.—Tyler Feb. 18, 2015).
Tex. Prop. Code § 5.077(d)(1): 4 cases
Burrus v. Reyes, 516 S.W.3d 170 (Tex. App.—El Paso 2017). “Tex. Prop. Code Ann. § 5.077 (a) (West Supp.”
Rex Smith v. Kelly Davis & Amber Davis, No. 12-14-00007-CV (Tex. App.—Tyler Aug. 20, 2014).
Rex Smith v. Kelly Davis & Amber Davis, No. 12-14-00007-CV (Tex. App.—Tyler Mar. 2, 2015).
Rex Smith v. Kelly Davis & Amber Davis, No. 12-14-00007-CV (Tex. App.—Tyler Apr. 27, 2015).
Tex. Prop. Code § 5.077(d)(2): 1 case
Rex Smith v. Kelly Davis & Amber Davis, No. 12-14-00007-CV (Tex. App.—Tyler Feb. 18, 2015).
Tex. Prop. Code § 5.077(d)(l): 1 case
Quran Bryant, Stephen A. Barfield, & Grace Everett v. Dennis J. Cady, Ind. & as Tr. of the Dennis J. Cady Living Trust D/B/A Cady Enter., 445 S.W.3d 815 (Tex. App.—Texarkana 2014). “Tex. Prop.Code Ann. § 5.077. Three different individuals, Quran Bryant, Stephen A.”
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