A Texas standard residential lease agreement legally binds a landlord and tenant into a rental contract that will dictate a fixed tenancy for housing-related use. Upon signing, each party must abide by the written terms and conditions set on the document or face legal repercussions. Most lease terms last one (1) year and can include a provision allowing for renewals upon the lease’s end date. Prior to entering a formal contract, landlords may request potential renters to undergo a background check, which determines eligibility based on financial and criminal history. Landlords reserve the right to deny a tenancy if doing so in accordance with state and federal laws. Once the lease is executed, the tenant usually owes the first month’s rent and a deposit worth a month’s rent or more, depending on the nature of the arrangement.
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