Can sellers terminate their temporary lease early?
01/17/2017 | Author: TAR Legal Staff
Your clients sign a Seller’s Temporary Residential Lease (TAR 1910, TREC 15-5) to remain in their home for 60 days after closing. They pay their full rental amount per the terms in Paragraph 4, Rental, but end up needing to stay in the property only 30 days and want a refund.
However, a seller is not entitled to a refund in this situation. Paragraph 4, Rental, states: “Tenant will not be entitled to a refund of rental if this lease terminates early due to tenant’s default or voluntary surrender of the property.”
The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.
While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.