Easily Remove Option Choice in the Commercial Lease Warning Notice

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How to Remove Option Choice in the Commercial Lease Warning Notice

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I you welcome back to the commercial real estate show Im Michael bulls derrick topic oops I should have covered that in the least my guess is Laura Hall shes a partner with the law firm schiele Hall Williams and we talked about two or three things already now Im going to talk about what one more that I think is really important to me and I seemed we saw a lot of investment properties in my shop around the southeast and this is one of the things that we start selling investment properties and were dealing with the tenants and things the options to earn it but the tenants have options to renew their lease can be a lot of struggles for landlords and tenants so what do you think about upstair a new what are your tips well firstly every least you deal with has one the interesting thing is they rarely get exercise at least thats my experience and so if youre drafting these you want to make sure youve got very good time frames if your landlord you want a much longer period of time to r

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What is Section 92.056 of the Texas Property Code?

Section 92.056 of the Texas Property Code requires a tenant to take several steps before the landlord is considered to be liable to them. A landlords liability allows a tenant to to take certain actions like ending the lease or deducting the cost of repairs from the rent.

What is property code 92.004 in Texas?

92.004. HARASSMENT. A party who files or prosecutes a suit under Subchapter B, D, E, or F in bad faith or for purposes of harassment is liable to the defendant for one months rent plus $100 and for attorneys fees.

What is the property code 92.0161 in Texas?

Texas Property Code 92.0161 allows a victim of sexual assault to break a lease at an apartment or another rental property without having to pay financial penalties future rent or any fees for ending the lease early. you owed to the landlord before the lease was terminated.

What does options mean on a commercial lease?

An option clause is a term in a commercial or retail lease that permits a tenant to renew their lease at the end of the initial lease period. However, they must meet certain conditions. For example, a three-year lease may also have one three-year option, making it six years if the tenant chooses to exercise the option.

What is Section 92.354 of the Texas Property Code?

Sec. 92.354. Liability of Landlord. A landlord who in bad faith fails to refund an application fee or deposit in violation of this subchapter is liable for an amount equal to the sum of $100, three times the amount wrongfully retained, and the applicants reasonable attorneys fees.

What is Section 92.109 of the Texas Property Code?

(a) A landlord who in bad faith retains a security deposit in violation of this subchapter is liable for an amount equal to the sum of $100, three times the portion of the deposit wrongfully withheld, and the tenants reasonable attorneys fees in a suit to recover the deposit.

What is Section 92.054 of the Texas Property Code?

Section 92.054 of the Texas Property Code, entitled, CASUALTY LOSS states: a. (a) If a condition results from an insured casualty loss, such as fire, smoke, hail, explosion, or a similar cause, the period for repair does not begin until the landlord receives the insurance proceeds.

What is the property code 92 for pest control in Texas?

Texas Law for Pest Control in Rentals: Although laws regarding pest control vary by state, Texas Property Code 92 states: For a condition that materially affects the physical health and safety of an ordinary tenant, the landlord is required to make repairs or to remedy the condition.

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