What are the different types of residential leases?

In Texas, there are two main types of residential leases: fixed-term and periodic. A fixed-term lease is a written agreement between the landlord and tenant for a specific period of time, usually a year. The tenant pays rent each month during this term and the rent and other fees remain the same unless agreed to otherwise. A periodic lease does not have a set end date and usually continues until either landlord or tenant chooses to terminate it. In this type of lease, the tenant pays rent on a monthly basis but rent may be adjusted under certain circumstances. Other types of residential leases include month-to-month leases, subleases, and rental agreements. A month-to-month lease is a lease agreement that runs for a month at a time and renews each month until either the landlord or tenant terminates the lease. Subleases are agreements between a tenant and a third party where the tenant rents out their unit to the third party for a period of time. Finally, rental agreements are more informal leases that are usually used for short-term use of property, such as vacation rentals. Any lease agreement must adhere to the Texas Leasing Laws to be valid. These laws include rules on rent increases, security deposits, and termination and eviction proceedings among other things. It is important for both landlords and tenants to familiarize themselves with the Texas Leasing Laws before entering into any type of residential lease agreement.

Related FAQs

What is the responsibility of a tenant when it comes to providing proper notice of termination?
What responsibilities does a landlord have to maintain a property?
What are the landlord's responsibilities as regards to dealing with repairs in a timely manner?
How a tenant can get their security deposit back after moving out?
What rights do tenants and landlords have when it comes to changing the terms of a lease?
What legal obligations are imposed on tenants by a lease agreement?
What are the landlord's obligations when it comes to providing written notices of any changes in the lease agreements?
How does a lease affect rent control laws?
Are tenants allowed to sublet their rented property?
Are there legal requirements for landlords to provide safety and security measures?

What are the different types of residential leases?

Related FAQs

Related Blog Posts