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.
Houston Texas is a bustling city known for its thriving business economy, diverse population, and vibrant cultural scene. In this dynamic metropolis, there are various types of leases or rentals available for vacant properties or lots, granting lessees the right to construct improvements. Let's delve into the details of these leases, using relevant keywords. 1. Commercial Lease with Construction Rights: This type of lease is suitable for businesses seeking to establish their operations in Houston. Lessees have the right to construct improvements tailored to their specific requirements, such as office buildings, retail spaces, or manufacturing facilities. This lease offers flexibility and customization options for lessees to create their ideal business environment. 2. Residential Lease with Build-Out: For individuals or families looking to rent a vacant property or lot and construct improvements for residential purposes, this lease option is ideal. Lessees can build their dream homes, add extensions, or enhance existing structures to meet their unique needs and preferences. 3. Industrial Lease with Development Rights: Houston's robust industrial sector offers opportunities for lessees to rent vacant properties or lots for industrial purposes. This lease type allows lessees to construct warehouses, distribution centers, or manufacturing plants, enabling them to participate in Houston's booming industrial landscape. 4. Mixed-Use Lease with Redevelopment Potential: This lease option is suitable for those planning to redevelop a vacant property or lot to meet multiple needs. Lessees have the opportunity to construct a combination of residential, commercial, and retail spaces, creating a vibrant mixed-use development that caters to various demographic groups and promotes community integration. 5. Agricultural Lease with Farming Infrastructure Development Rights: For individuals or organizations interested in agricultural activities, this specific lease provides the right to cultivate and develop vacant properties or lots. Lessees can establish farming infrastructure such as greenhouses, barns, or irrigation systems to support their agricultural operations and contribute to Houston's agricultural productivity. These different types of Houston Texas leases or rentals of vacant properties or lots with the right to construct improvements offer lessees diverse opportunities to realize their specific goals and aspirations. Whether it is establishing a business, building a dream home, or contributing to Houston's industrial or agricultural sectors, these leases empower individuals and organizations to shape their own destinies in this vibrant Texan city.
