Most commercial leases in Texas are proposed and drafted by the landlord. There is no standard commercial lease form in Texas, and leases are often custom documents drafted by the landlord’s attorney to be heavily favored for the landlord. Prospective tenants usually retain an attorney to revise and negotiate the lease with the goal of […]
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The Texas Uniform Fraudulent Transfer Act
The Texas Uniform Fraudulent Transfer Act (TUFTA) is found in Chapter 24 of the Business and Commerce Code, and its purpose is to punish and reverse any attempt by a judgment debtor to move assets out of reach from creditors. Who Can Bring a Claim? TUFTA allows a creditor to bring a civil cause of […]
Read more...Probating a Will as a Muniment of Title
A muniment, also called a muniment of title, is a document indicating title or ownership of an asset. In modern practice, a muniment serves to transfer title of real estate when there is no need for a formal administration of an estate. When Should It Be Used? Muniments are most commonly used when the only […]
Read more...Consequential Damages in Texas
Breach of Contract of Damages The rule for calculating breach of contract damages states that the plaintiff is entitled to seek fair and just compensation for losses or damage actually sustained. Stewart v. Basey, 245 S.W.2d 484, 486 (Tex. 1952). The plaintiff may seek compensation for the “benefit of the bargain” or “expectation interest.” Id. […]
Read more...An Overview of Texas Easements
Easements are a pervasive element in Texas property law and are generally defined as a right, privilege, or advantage that exists as a distinct interest from ownership rights in real property. Most commonly, an easement allows a person (or the public) to use the land of another in a certain manner. There are numerous […]
Read more...What is a Letter of Intent?
A letter of intent is a preliminary document, commonly used in commercial transactions, to outline the eventual terms to be included in a formal contract to follow later. It can be used for a variety of reasons: to protect confidential information, outline terms, or to evidence the parties’ interest and desire to complete a transaction. Letters of […]
Read more...Texas After Acquired Title Doctrine
The after acquired title doctrine states that if a grantor purports to convey ownership of real property to which he does not have legal title at the time of the conveyance, but later acquires that title, it automatically vests in the grantee. The doctrine of after acquired title stretches back over a century in Texas real […]
Read more...Developer Deed Restrictions & Subsequent Purchasers
Deed restrictions are typically used by developers to control uses of a property and preserve value. If a restriction is properly recorded, thereby providing notice to subsequent purchasers, it will run with the land and apply to future owners. It is important to remember that not all properly recorded restrictions are enforceable. For example, […]
Read more...What Qualifies as a Duly Registered Deed for a 5-Year Adverse Possession Claim?
The legal doctrine of adverse possession allows someone who is not the record title holder of real property to assert ownership of that property. Adverse possession prioritizes the use and cultivation of real estate as a public policy in Texas. The basic elements of an adverse possession claim in Texas are: (1) actual possession of […]
Read more...Preserving the Homestead Exemption with Living Trusts
Preserving the Homestead Exemption with Living Trusts Revocable Living Trusts are a popular estate planning structure in Texas, but when it comes to homestead property, owners should be aware that the trust’s language can mean the difference between preserving or forfeiting a homestead’s property tax benefits. Maintaining Homestead Tax Exemptions through a Qualifying Trust A […]
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