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What makes a valid rental or a lease agreement in Texas? Fundamentally, its an agreement in writing that sets forth the essential terms of the lease. Essential terms in a lease are going to be the term, which is the period of time that the lease is valid, the rental rate, a description of the property, meaning usually the address, and the parties who are renting. A lease can be as informal as writing it on the back of a napkin. However, in most instances, a reasonable landlord who wants to protect their property should usually look at the Texas Association of Realtors form and use it. Its going to lay out many terms that are very beneficial to a landlord. Its going to discuss pets, insurance, the illegal activities, late fees, and a number of other items that will help protect your property, your investment, and your money. ♪ [music] ♪
