Section 11: Completing a Lease AgreementAnchor: #i1002619
The department may have the lease (three originals) executed by the lessee and submit them with the lease package to the ROW Program Office in Austin, along with the following:
- three signed originals of the lease
- certificate of insurance
- surety bond, if necessary
- first monthly or annual rental payment.
If a lease requires Commission approval, the lessee should not execute it until after such approval is granted.
After execution of the lease by TxDOT, the ROW program office in Austin will return two fully executed originals to the department and retain one for the ROW files. The department should retain one original for its files and return one to the lessee.