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.
Title: San Antonio Texas Lease or Rental of Vacant Property or Lot with Lessee to have the right to Construct Improvements Introduction: In San Antonio, Texas, property leasing or rental opportunities offer lessees the unique advantage of not only utilizing vacant properties or lots but also having the right to construct improvements on them. This detailed description will provide you with insights into the various types of San Antonio Texas leases or rentals of vacant properties or lots that grant lessees the right to construct improvements. 1. Commercial Lease with Construction Rights: Commercial leasing in San Antonio often includes provisions for lessees to make improvements on the leased property. This type of lease is typically opted for by businesses aiming to establish their presence in the city. Whether it's constructing office spaces, retail stores, or restaurants, this lease allows lessees the freedom to customize the property to suit their specific requirements. 2. Industrial Lease with Construction Rights: For businesses seeking warehouses, manufacturing facilities, or industrial spaces, San Antonio offers leases that allow lessees to construct improvements. These leases accommodate the specific needs of industries and provide the flexibility to modify the property to enhance workflow and optimize operations. 3. Residential Lease with Construction Rights: In certain scenarios, residential leasing in San Antonio may grant lessees the right to construct improvements. While this is less common, it can be an excellent opportunity for individuals or families seeking long-term rentals. Lessees may undertake renovations, add personal touches, or even expand the property to suit their lifestyle needs, subject to the terms of the lease agreement. 4. Mixed-Use Lease with Construction Rights: San Antonio also offers mixed-use leases that allow lessees to construct improvements on vacant properties or lots intended for combined commercial and residential use. These leases cater to those seeking to create unique living and working spaces, providing an opportunity for entrepreneurship and creativity in urban settings. Conclusion: San Antonio, Texas, presents a range of lease or rental options for vacant properties or lots that allow lessees to construct improvements. Whether it's establishing a commercial enterprise, industrial facility, remodeling a residential space, or creating a mixed-use property, these leases offer lessees the opportunity to customize their leased properties to meet their specific needs. Keywords: San Antonio Texas, lease, rental, vacant property, lot, construct improvements, commercial lease, industrial lease, residential lease, mixed-use lease
