COMMENT OF THE DAY: THE CLUE THEY’LL BE TEARING IT DOWN “The standard Texas Apartment Association lease does not give the owner the right to cancel the lease in the event of a sale. If the land value is approaching the as-built value, however, a smart landlord is going to put a clause in the lease that allows for a 30-day termination. At the complex I listed above, that was exactly what happened. The landlord had a cancellation clause in the lease for years before the property was sold to a developer. Some tenants may be turned off by it. It may have some affect on the rental rates. You have to weigh the pros and cons. Every situation is different.” [Bernard, commenting on New Owner Orders Everybody Out of the Greenbriar Chateau Apartments]




As recently as the beginning of this year, 2 northwestern segments of the proposed fourth ring road around Houston were considered by many to be stalled projects — remnants, even, of an outdated dream to project sprawling, suburban-style development ever outward from the city. But by September, construction on the 15.2-mile Katy Prairie paving program known as 

League City’s city council voted last night to double the minimum distance oil and gas rigs must keep back from most buildings, including homes. 
