A license only gives one a personal privilege to do something on the land of another. A license is not an interest in land, but is a privilege to do something on the land of another person. Upon the sale of the property, subject to the license, the license terminates unless a new license is executed. This form is an example of such an agreement.
Texas General Form of License Agreement Regarding Right to use Real Property
State:
Multi-State
Control #:
US-00998BG
Format:
Word;
Rich Text
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How to fill out General Form Of License Agreement Regarding Right To Use Real Property?
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FAQ
Texas does not have reciprocity with any state. To become licensed, you must satisfy all current Texas licensing requirements.
"Personal property" in Texas refers to items that a person owns. These things can be tangible?like a vehicle or household furniture?or intangible, like intellectual property. Personal property is not attached to real property and can be moved.
The term "real property" refers to land and improvements on it, like buildings and other structures. The concept also concerns what rights you have to that property: for example, living there, renting it out, passing it on to your survivors, or using it in other ways.
Mobile Home Characteristics Mobile homes affixed to land not owned by the homeowner are taxed as personal property. Mobile homes affixed to land owned by the homeowner are taxed as real property.
What are examples of real property? Real property may include land, homes, detached garages, patios, swimming pools, or other permanent structures. Crops and other natural resources that are attached to a piece of land are also considered real property.
Buyers who agree to purchase property ?as is? are accepting responsibility for inspection of the property and its valuation. If the value of the property turns out to be less than the purchase price, the seller is not responsible.
The state legislature of Texas passed the Texas Real Estate License Act to protect the public from brokers and sales agents who are dishonest. TRELA also: Establishes rules that license holders must follow that pertain to obtaining, and later maintaining, a real estate license.
The law makes a clear distinction between real property and personal property. Real property is immovable. It includes the land, everything that is permanently attached to it, and the rights that "run with" the land. Personal property, on the other hand, is movable.