The lease in my lease/options course is fairly simple for a reason: I really don’t care what the tenant does, so long as he pays rent on time and maintains the property. For a '“regular” tenant, I do use a stricter lease.
Honestly, in all my years of practicing law and being a landlord, my experience has been that lease clauses don’t mean all that much . . . either the tenant will comply, or he won’t REGARDLESS of what the lease says. And, most of us are too busy to get into a “joust” with a tenant over anything OTHER than rent, damage to the property or bothering the neighbors.
I have not seen anything illegal, unethical or just couldn’t be done in Texas.
That needs some expanding on, in my point of view. As long as things are clearly explained in the contract I am not sure what is illegal. I like Browns Lease. It covers a lot of bases that the Bronchick does not. So does the “Standard Texas Lease”
I like Bronchicks Option better vs. Browns, that is my personal opinion. But I don’t see the illegal point of view, sorry Bud.
Browns does cover more that a lot of the leases but hey, just look at Johnboys lease. You can’t get much stronger there.
Let me first say that I am quite experienced at using Bill Gatten’s approach. Lou Brown’s is nothing like it. I have reviewed a number of LB’s tapes and was not impressed with his speaking. I have not meet him in person nor personally heard him speak. There were a number of things in the tapes that were either illegal, unethical or just couldn’t be done in Texas. Not that everything is bad. His approach is just subject to and L/O. I had heard he had good contracts but didn’t feel they were any better than some others.
It always pays to listen and review various materials. I still haven’t found any better bang for what I want to do than Gatten’s approach. You may want to do something else for which another approach may be good.
Lou Brown points out how to make money on an insurance damage claim. If the decking on the roof had tongue and grove boards then you can get the insurance company to pay for the more costly alternative to plywood. He then suggests you go ahead and use plywood while pocketing the difference. Just isn’t going to happen around here.
It’s late and I don’t want to go look it up. He talks about having a clause in his contracts that you forfeit your downpayment on a CFD as with an option or a lease with any protest. It wouldn’t take a savey lawyer to point out the illegality of that.
I still like Larry Pino’s lease that I got in 1991 as part of his desktop lawyer. Bronchick purposefully simplifies his because of his approach. I can’t fault him for that. If you want more specifics and all inclusive things then you would use someone else’s lease.