a texas standard residential lease agreement is a document used by a landlord renting property to a tenant for monthly payment under typical conditions. once approved by the landlord, the standard lease will be drafted and signed between the parties. agent/owner identification (§ 92.201) – the lease must detail the owner of the property including their name and address.

while it is not legal in all states, under texas law, contracts are assignable unless there is a specific clause in the contract that prohibits it. that their buyer has sold the right to purchase the home to someone else at a higher price. assignment of a contract is when someone enters into a written agreement to purchase a property from a seller and then that person assigns their interest to someone else. they find a property, put the property under contract and then find someone else (an assignee) to whom they sell the contract for a fee. the assignor hands off the contract’s benefits to the assignee while the property is still under contract. while the assignor may sell his or her rights in the contract to an assignee, it does not relieve the assignor of his or her duties and obligations. the assignor still has responsibilities to the seller under the terms of the contract. the assignor usually maintains obligations under the contract. they don’t like the idea of someone ‘flipping’ the contract for a higher price. however, wholesalers earn their living by legitimately finding bargains and reselling them at a profit. then they find buyers who may be looking to remodel or flip the property.

a texas commercial lease agreement is a contract between a landlord and a tenant for the rental of commercial property for business use. these agreements tend to be more complicated than residential agreements and in many cases must be negotiated between the landlord, the tenant(s), and their respective attorneys to ensure that the financial aspect of the agreement remains stable upon renewal. in addition, the lease agreement contains provisions on subleasing, penalties for late payments, as well as the rights and responsibilities of both parties. once signed by both parties, the lease agreement becomes legally binding and is enforceable in a court of law. our support agents are standing by to assist you. please be aware that our agents are not licensed attorneys and cannot address legal questions.

you can view the drafts and submit comments until may 6 on the proposed new forms page on texasrealestate.com. i use the seller net proceeds all the time it should be removed, that should be between escrow company and the parties . i agree, title companies are already swamped and making sure that we give information in a timely manner to our clients is really important. we would rather be showing property and taking listings than sitting in our office on zoom classes to learn what the latest changes are. it is as important for a seller to disclose what he knows about a vacant land property as it is for the seller of any other property type.