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`. 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 must require all tenants to bear the corresponding amount of insurance for their respective business. The recommended minimum amount is normally $1 million; However, you may need more if the company you`re renting to makes more than that amount each year in terms of revenue. Your commercial lease agreement begins with the designation of all interested parties. 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. State of Texas General Land Office application for State Land Use Lease Surface Lease (sl) – Applicant for coast/official name individual, company, partnership or trust Authorized agent name for Glo Use only work file # personal. Lease to Own Agreement – Contains an additional section that is not common in standard lease agreements and gives landlords the option to list a purchase price for rent. At the end of the lease, tenants will have the opportunity to acquire the property at a pre-agreed price.
The Texas Lease Agreement is a form used for leasing commercial or residential real estate to tenants in exchange for routine rents. They are used by landlords and property owners to establish binding rules for renting a unit that all parties must follow.. . . .