Texas Commercial Lease Agreements
Download a Texas Rental Lease Agreement to rent a building located in Texas to a tenant. Use the forms to set the ground rules for what a tenant can and cannot make payable, as well as to determine the consequences they will have if they leave the rent unpaid, if the unit is damaged and much more. The contract is concluded as soon as the tenant has researched the history of rent, crime and employment (with a lease application). If the landlord feels that he will make a quality tenant, he will design the lease and ask all tenants to sign it. Changing the agreement is not easy after signing, so it is recommended that the owner take their time and include all the sections the first time. The Texas General Arbitration Act allows for the resolution of many civil actions through arbitration. In fact, commercial real estate disputes are often handled in this way. If you mention arbitration somewhere in your rental agreement, you should also include disclosure of the arbitration of disputes. If this form is signed by both parties, it will impose an arbitration procedure, the results being binding on all. All commercial lease agreements must be signed by both the landlord and the tenant. Each person may want to have a witness, and in this case, you also want to leave room for that person`s signature.
Although not required, Texas commercial rentals are often certified and stamped by an authorized notary. If you wish, make sure there is enough space for the notary`s signature and seal. Make the date the lease starts and expires. Mention what happens when the tenant becomes a remnant or leaves the store before the end of the lease. Will you allow tenants to sublet the property or do you want them to put it back? For example, your lease may state that “this tenancy agreement between (your name), which is known below as the `lessor` (your business name) and (tenant`s name) who do business as (tenant`s business name), is hereinafter referred to as `tenant`. If tenants have to share certain areas, it is also important to define the community factor. The community factor is used to determine the amount paid by each commercial tenant for the maintenance of areas that everyone uses in the building. In most commercial buildings, this is between 6 and 8%, which would be expressed in 1.06 or 1.08. As with residential real estate, commercial tenants have the right to peacefully enjoy their real estate. Nevertheless, you may need to enter the premises to carry out repairs, authorize inspections or do other business. Let the tenant know that, if possible, you will provide a notification and indicate how you intend to do so.
Indicate a method of notification if such notice is not possible. For example, you can place a clue on the door or send an email. If your commercial property is near a water source maintained by the Texas Water Code, you should consider a water fluctuation advisory. Water sources maintained by the Texas Water Code normally consist of artificial reservoirs or lakes containing 5,000 hectares of water or more. A communication on water fluctuations would inform tenants of the potential for flooding or water damage. It would also designate the waters concerned and their proximity to the land. Sublease Agreement – A form used for the introduction of a second tenant into an apartment already rented – allows the original tenant to evacuate legally. The original tenant remains responsible for the recovery of the rent by the new tenant and the guarantee that the property remains free of any damage. As a commercial owner, you are required to cover the amount of the corresponding insurance for your building. However, your policy does not cover your tenant`s property or commercial property.
Therefore, you should require all tenants to bear the corresponding amount of insurance for their respective business.. . .