Land Lease Agreements are used for letting out a strip of land not having any property on it. Such kinds of leases might cover various purposes – such as Residential, Commercial and Agricultural. When it comes to residential lease agreement in Texas, these are some of the common types to consider.
Room Rental Agreements
This is the kind of agreement that you may opt for, in case you are planning to rent a room on your own property and would like to set some specific rules and boundaries. Such kinds of contracts can be assistive, and it is important to write how rent payments and utilities should be divided and the rules that exist for guests who are visiting.
Short-Term or Vacation Rental Agreements
Such kinds of agreements can be used for renting a property out for a short span of time, most often in the times when the said property is let out as a vacation rental. Generally, such agreements are for a span of 1 – 31 days. The contract needs to explain all the rules and laws to guests, and the kind of things that they may expect when they arrive.
Sublease Agreements
In case you are trying to get a property on rent from some other landlord, a sublease agreement can be used for renting out a room or property. Often, people prefer to get a property or room subleased – when there is a need to move although there is no wish to have the lease broken. There might be some requirements of landlords, regarding whether they would accept subletting or not.
Month-to-Month Lease Agreements
These are flexible options for tenants as well as for landlords, and are short-term leases. These can be assistive for landlords who do not wish to let their property out for 1 year or more time, but would like to have their rights protected in any case. You can easily get free rental agreement template of this type and create an agreement form of your own.
Fixed-Term Leases
This kind of agreement ends on the fixed term lease end date, when a new lease might be signed between a landlord and a tenant, which consists of updated dates as well as other details. The renter may alternately prefer moving at that time. Such kinds of leases use dates of calendars for setting the date of initiation and end of lease. This kind of rental lease agreement can be used when a renter gives his consent to renting a real estate property at a specific price for a specific period. These kinds of leases come with an end date that is predetermined.
Automatic Renewal Leases
Such kinds of leases tend to get automatically renewed after a specific period of time. It is also called “Periodic Tenancy”.
Most of the lease agreements happen to be in a written form. However, verbal lease agreements are contracts which may be enforced in the form of oral contracts. In any case, it is essential to understand that few states actually allow these agreements. In all states, these are prohibited. Tenants-rights laws existing in every state protect tenants who are under verbal residential lease agreements. As commercial leases have a lot of complexities involved, substantiating such types of contracts in the court can be almost impossible. Naturally, these are not permitted.
