Many states have housing statutes and ordinances that lean heavily towards favoring the renter. Texas law treats lease agreements differently. From the landlord's perspective, the largest advantage is probably in the power to handle tenants who are delinquent on rent.
Every real estate transaction involves a significant number of legal issues. Every risk can be analyzed as either high or low probability and a high or low expected cost. For commercial transactions, nearly all legal decisions involve a high expected cost. For residential transactions, most decisions carry a relatively low penalty. The pivotal decision is knowing when to hire an attorney to protect your interests and when to rely on "your gut."
As a Texas business owner, you have worked hard to build your company, and now it is time to start thinking about your legacy. A family limited partnership allows you to protect your business assets from liability, provide for your family and secure the future of your company even in the event of your retirement, death or incapacitation.