I am renting out a house in Texas. This is the first time I've ever rented a house. The lease will expire in three months. Are the tenants required to sign another lease and renew for another year or does it automatically got to a month-to-month lease? My aunt says they don't sign another lease, it just turns into a month-to-month lease. This somehow doesn't seem right to me. I thought that there is supposed to be another rental contract. My aunt says that only applies to apartments, not houses.
2007-06-03 14:18:09 · 4 answers · asked by Alone in a crowd 2 in Business & Finance ➔ Renting & Real Estate
You'll have to read your lease to see what happens. Most TAA leases go month-to-month automatically at expiration, whether it's a house or apartment. Either party can request a new lease at that point, it's all up for negotiation between the parties.
I used to be a landlord in TX and always contacted my tenants about 60 days prior to the expiration date to let them know that I would require a new lease within 60 days of the expiration of the old one if they wished to stay. If they wanted to stay month-to-month there would be a 10% rent increase. Most of them opted to go with a new lease but a few decided to stay month-to-month if they were planning a move or home purchase in the near future.
2007-06-03 14:36:02 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
By default a lease will become month to month if neither party notifies the other at the end of the current lease term. So if you, and the owner both do nothing, it will become a month to month. If you choose to leave at the end of the term, you must notify the owner in advance(exact time frame should be specified on the lease). The owner could notify you that he wants you to move out(this would require the same time frame as mentioned above. The owner could also notify you that if you choose to stay the rent will increase. If this is the case, you will either sign a new lease, or a lease extension
2007-06-06 11:32:59 · answer #2 · answered by JPopkin 2 · 0⤊ 0⤋
Free Texas Rental Agreement
2016-11-06 22:50:32 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Real practical, do not pay overdue and you will not have got to fear approximately if it is authorized or now not. I learn the textual content and it's most likely written from a tenant's factor of view. Claiming that the owner must under no circumstances be granted any further fee above and past the curiosity at the cash the tenant is overdue is a crock. Two factors. First, whilst a tenant is overdue, detailed movements are then required to check if the hire shall be paid. Those take time and are paid within the variety of larger rents or leadership costs (handed on within the hire) that the tenant paying on time is being charged for. Even even though they will under no circumstances be overdue. Second, a "fair" overdue rate is the satisfactory incentive to inspire correct habits by means of the tenant within the first position. The overdue rate then is a well thought, if it has sufficient significance to intend some thing with out being too giant a burden, to inspire verbal exchange and eventually fee. Otherwise, with no overdue rate to support the man or woman prioritize their charges, the one choice left is the only the man or woman wrote approximately. Simply wait till the primary and if the hire is not paid, write the three day letter after which continue down that direction each and every month. That turns out wasteful for each events.
2016-09-05 21:06:20 · answer #4 · answered by ? 4 · 0⤊ 0⤋