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Residential Lease Agreement
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Rental Agreement in Texas {{ currentPage ? currentPage.title : "" }}

What Are The Important Things You Should Consider While Writing A Rental Contract?

Rental agreement is a very important contract that is legally binding, and is signed between a landlord and a tenant or a group of tenants. It is about leasing a piece of property to a tenant for a specific duration, in exchange for money or some other thing.

In almost every state of the United States and in many other countries, a written rental agreement is given more precedence over an oral agreement. Each and every term included in such a contract has a lot of significance. Find out about some of the important things to consider while writing a rental agreement in Texas.

Duration of rent

The duration of rent, or rental period, is very important to consider. In many countries today, the rental period is kept for 11 months; after which, the landlord has the authority to consider whether or not the contract should be renewed.

It is important for you to consider how much the rental period should be, in order to satisfy your requirements. If you feel that you can trust on a specific tenant, you may opt for a longer rental period. On the other hand, shorter rental duration might be a better idea if you do not know what to expect from a specific tenant.

Legal terminologies

It is important for you to know that there are specific legal terminologies used for specific industries, and the real estate industry is one of them. In case you are not aware of the legal terms used for this industry, and happen to be in no mood to hire a real estate attorney to prepare a rental agreement either, you can download a rental agreement template from the internet for your state and customize it for your own use.

Rental fees

Keep in mind that the rental fees that you charge from the tenant for leaving your property should be practical and based on the existing market value. It should not be much higher than what is charged for similar properties in your area; otherwise you might have to face legal hassles in the future if your tenant decides to move to the court for some reason.

It is a good idea to find out how much landlords are charging for leasing similar properties as yours. Your rental fees should be near about the same.

Author Bio

Carl writes often about legal drafting, rental & commercial lease agreements, power of attorney, Bill of Sale and help the people in such document needs.

 

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