The agreement by which one party holds possession of the real property owned by another is a lease. The person who owns the real property is known as the lessor or landlord. The lessee, or tenant, is the one who occupies the property.
The relationship of landlord and tenant is created by contract. An oral lease is valid at common law, but statutes in most States require written leases for certain tenancies. Many States provide that a lease for a term exceeding three years must be in writing. Statutes in other States require written leases when the term exceeds one year.
The following elements are necessary to the establishment of the relationship of landlord and tenant:
" The occupying of the land must be with the consent of the landlord.
" A reversionary interest in the land must remain in the landlord. That is, the landlord must be entitled to retake the possession of the land upon the expiration of the lease.
" The tenant must have present possession in the land. This means a right to be in possession of the land now.
The Harris Texas Lease or Rental of Vacant Property or Lot with Lessee to have the right to Construct Improvements is a legal agreement that allows a lessee to lease or rent an empty property or lot in Harris County, Texas, with the added benefit of having the right to construct improvements on the leased land. This type of lease or rental agreement is commonly used for commercial or residential real estate purposes. When entering into this type of lease, it is important to clearly define the terms and conditions, responsibilities, and obligations of both parties involved. Some relevant keywords to include in the description of this lease or rental agreement are: 1. Vacant Property: Refers to a piece of land or property that is currently not occupied or has no structures or buildings on it. 2. Lessee: The individual or business entity that rents or leases the vacant property from the lessor. 3. Construction Improvements: Any modifications, additions, or enhancements made to the leased property by the lessee, such as building structures, landscaping, or any other improvements that increase the value or utility of the land. 4. Right to Construct: Indicates that the lessee has the legal permission to make improvements on the property during the lease term. 5. Harris County, Texas: Specifies the location of the vacant property or lot, highlighting that it is situated within Harris County, Texas. Harris County is one of the largest counties in Texas and includes major cities like Houston. It is worth noting that there might be different types of Harris Texas Lease or Rental of Vacant Property or Lot with Lessee to have the right to Construct Improvements, depending on specific clauses, terms, or purposes specified in the agreement. For instance, there could be variations catering to commercial leases, residential leases, or more specialized types of leases tailored for specific industries or sectors. Ultimately, the purpose of this type of lease or rental agreement is to provide a legally binding document that outlines the rights, obligations, and expectations of both the lessor and lessee when it comes to leasing vacant property and constructing improvements on it in Harris County, Texas.
