The Texas commercial lease agreement is a legal document binding the landlord and the tenant of a commercial rental property. The tenant signs either their name or the entity’s name for the property that will be used for retail, office, or industrial space. This type of tenancy is for commercial use only and should be written following the state laws
Steps to Fill the Texas Commercial Lease Agreement
How to fill the Texas Commercial lease agreement
At the beginning there is:
- The date of the lease agreement, the name of the landlord, and the tenant.
- The property address and the description of the building
Rental terms
- The beginning and the end of the lease and the renewal of the contract which notice should be given 90 days before the expiration date.
- The initial rental amount which can be payable in given months installments and the
- Landlord’s Designated Payment Address.
- The security deposit to be paid by the tenant.
- The rent for any renewal lease term
Other details
The section that follows explains in further information on the following:
- The use of the premises
- Sublease and Assignment
- Alterations and Improvements
- Repairs
- Alterations and Improvements
- Property Taxes
- Insurance
- Utilities which gives details of what utilities and services the tenant shall be paying for besides the rent. The Tenant acknowledges that the Leased Premises are designed to provide standard office use electrical facilities and standard office lighting.
- Signs where the Following Landlord’s consent, Tenant shall have the right to place on the Leased Premises, at locations selected by Tenant, any signs which are permitted by applicable zoning ordinances and private restrictions.
- Entry where the landlord has right to enter the premises.
- Parking which includes the number of parking spaces leased by the tenant from the landlord and the monthly rental for the parking spaces rented.
- Building Rules
- Damage and Destruction
- The default of the payments
- Quiet Possession
- Condemnation
- Subordination
- Security Deposit
- Notice with both the tenants and the landlord’s address in case of sending notices
- brokers
- waiver
- Memorandum of Lease
- headings
- Successors
- consent
- performance
- Compliance with Law
- final agreement
- governing laws
Both the landlord and the tenant’s signs at the bottom of the agreement.
The Texas commercial agreement enables to create a legal binding between the landlord and the tenant and protects both of them during the entire period. It is essential to ensure that both parties understand the obligations, terms, and conditions, as explained in the agreement.
