Signing this rental agreement will transform you, the seller, into a weak tenant. I`m just kidding. At some point in life, we`re all tenants. You will be renting in your own home (this is no longer really your home), renting the new owner`s house for these 2 months. The new owner becomes the owner and collects the rent from you. As above, this is a unique and temporary situation, and is no more than 90 days after the conclusion of the sales contract. If you are in this situation and you need this type of temporary lease, then make sure you let your licensed lawyer or broker go over the details. It is a little more difficult to do than a normal lease because it is done in connection with the sale of a property. They are interconnected and must be done properly. As I mentioned, even thought you could get a free TREC form to facilitate this situation, please do so with your agent or lawyer. It is linked to the sale of a property, and everything must be “jive” together.
They don`t want problems when it comes to buying, selling and renting. The Texas Association of Realtors Lease Agreement is a legal document that is used only by members of the Texas Truetors Association. The document will provide the tenant with complete information on expectations between landlord/owner/management and tenants regarding rents, due dates, sureties, terms and conditions and much more. The landlord must fill out the document fields and the tenant must read and approve the information contained in the document before signing. As I will explain below, TREC rental agreements are not standard housing rents. These are unique leases for specific situations in which the buyer of a residential property does not occupy the property more than 90 days before the conclusion of the sale contract or in which the seller remains in the property that he has just sold for more than 90 days. As a result, TREC leasing contracts will unfortunately not work for a normal lease-lease-tenant situation. Sometimes a buyer of a property will move into the property before closing (closing of the sale). In this situation, the seller usually wants to be paid for the period during which the buyer lives there.