i recently purchased a small piece of property on which sits a small business owned by a close family friend.
the previous owner of the land didn't have any formal lease agreement with the business owner...they had a sort of friendly arrangement for rent and there were never any issues. now that i've bought the land, the business owner would like to set up something more formal with me (as would i to minimize any issues).
i'd still like to keep this simple if possible. in this situation should i use the standard tx commercial lease agreement form?
the previous owner of the land didn't have any formal lease agreement with the business owner...they had a sort of friendly arrangement for rent and there were never any issues. now that i've bought the land, the business owner would like to set up something more formal with me (as would i to minimize any issues).
i'd still like to keep this simple if possible. in this situation should i use the standard tx commercial lease agreement form?