Texas Buyers Temporary Residential Lease is a document used by an individual or couple to temporarily occupy a residential property in the state of Texas. This document allows either a buyer or a seller of a property to enter into a short-term lease agreement while they are in the process of buying or selling the property. The lease is typically structured as a month-to-month agreement, and is usually structured to provide the buyer with the right to terminate the lease upon closing of the sale. It also typically provides for the payment of a security deposit, which is refundable upon move-out. There are two types of Texas Buyers Temporary Residential Lease: a standard lease, and a lease with an option to purchase. The standard lease is a basic agreement that does not include any option to purchase, while the lease with an option to purchase provides the tenant with the right to purchase the property at a predetermined price.