What does it mean when a rental property is pending?

What does it mean when a rental property is pending?

When something goes “pending” whether for sale or for rent, it means that the home owner has an offer and it is in the process of being “accepted.” Nothing is final, so typically the agent wants other prospects to know that they should continue to view the property, but with the understanding that if that initial offer …

What is a Texas standard residential lease agreement?

The Texas standard residential lease agreement is a form that allows a property manager to enter into a binding relationship with a tenant in regard to residential property. The length of the agreement is typically one (1) year although a longer fixed term can be drafted into the agreement if both parties agree.

What happens when a tenant breaks their lease in Texas?

Texas state law does require landlords to take reasonable steps to rerent their unit when a tenant breaks their lease. This is referred to as the landlord’s duty to “mitigate damages”.

What do you need to know about rental agreements in Texas?

The Texas residential lease agreement (“rental agreement”) is a written contract outlining the terms and conditions of renting a property for both the landlord and tenant. Once endorsed by the landlord and tenant, the tenant will make periodic payments (“rent”) in exchange for use of the property. Create an official Texas standard…

When does a month to month lease end in Texas?

According to Section 91.001 of the Texas Property Code, a month-to-month lease may be ended by either the tenant or the landlord. Once they notify the other party, the tenancy ends on whichever of the following is later: For rental periods of at least one month, one month after the day notice is given.

The Texas residential lease agreement (“rental agreement”) is a written contract outlining the terms and conditions of renting a property for both the landlord and tenant. Once endorsed by the landlord and tenant, the tenant will make periodic payments (“rent”) in exchange for use of the property. Create an official Texas standard…

Can a landlord terminate a lease in Texas?

Section 91.003 of the Texas Property Code allows a landlord to terminate a lease if their tenant has been convicted of an offense under Chapter 43 of the Texas Penal Code if: The lease was executed or renewed after June 15, 1981; and The tenant has “exhausted or abandoned all avenues of direct appeal from the conviction.”

When does a tenant have a forcible detainer in Texas?

Texas law defines “forcible detainer” as when “a tenant or a subtenant wilfully and without force” remains in a rental property after their right to be there has ended. This may be because their lease expired or because they broke the lease and have forfeited the right to remain.

What happens if a tenant dies during a lease in Texas?

If the tenant dies during their lease, a representative of their estate can provide written notice to the landlord under Section 92.0162 of the Texas Property Code to end responsibility for future rent under the lease. For complete details of what must happen to terminate a lease under this law, please read the section in its entirety.