Residential Lease Agreement is a contract that is legally binding, and is signed between a tenant and landlord. It has every important term for renting an apartment or home as a residence, and is also referred to as a landlord-tenant lease or an apartment rental agreement. Generally, in TX, USA, a Texas residential lease agreement form is signed at the beginning of a rental term and it stays effectual until the agreement comes to an end. These agreements are written in a proper way, and contain all the terms between a landlord and tenant, so as to prevent any confusion or misinterpretation when it comes to who can access a residence and in which conditions. Know about some of the most important items to mention in such an agreement.
The agreement needs to mention the property’s physical location, and also state all the related assets that are non-fixed – like:
- Water Filtration Systems
Thus, landlords can stay protected even when tenants shift. They have to maintain the home in a proper way, as well as all the items in a proper item during the term of lease. The description of the property must be mentioned in a proper way, so as to prevent confusions at a later stage.
Names of renters
A Texas residential lease agreement needs to have the signatures and names of all grown-ups living in the property, and have to be updated continuously as needed. It can make sure that every tenant assumes responsibility for all the lease terms. This also lets landlords claim all the rent, irrespective of the income of tenant.
The span of lease could range from one month to another, yearly or for some other time duration. The free rental agreement must have the lease duration. Such an agreement must cover every important aspect of lease, and state clearly all the things that each party expects, as well as the potential consequences in case any party fails to stick to the conditions that are specified.
Generally, a lease that is drawn month-to-month will get self-renewed until either the landlord or the tenant offers a self-renewal notice. In the agreements go on for more time, the terms can generally change to a monthly agreement after the expiration of the initial term. The lease agreement document, in any case, outlines the process for lease non-renewal. It can also mention the notice period that is given.
Fees and security deposit
It also has to mention all the sums of money that must be paid to the landlord by the tenant, and also the other expenses that the agreement denotes. In some states, rental agreements mention a security deposit and have a specified amount up to which a landlord can charge. In other states, there is no such thing. If you are a landlord, it is a good idea to know about the provisions in your state.
Often, a free rental agreement happens to be governed by the laws of the state. Due to this reason, a few of the enforceable, suitable terms that these documents include tend to vary across states. It is a good idea to get in touch with an attorney regarding such types of lease agreements, whether you happen to be a tenant or a landlord.