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In Texas, the maximum security deposit amount that can be charged is three times the monthly rent. For example, if landlords charge a monthly rent of $1,200, the maximum security deposit amount is $3,600. And this is determined by whether or not the stated residence is furnished.
No security deposit shall be retained to cover normal wear and tear. In the event that actual cause exists for retaining any portion of the security deposit, the landlord shall provide the tenant with a written statement listing the exact reasons for the retention of any portion of the security deposit.
Landlord rights and responsibilities ing to Texas state law, landlords have the right to collect rent as specified on the lease agreement, deduct repair costs from extreme damages to their property (more than normal wear-and-tear), and other miscellaneous items.
Under Texas law, you must give the landlord a forwarding address in order to receive your returned security deposit. The landlord must return your deposit ? less any amount deducted for damages ? within 30 days.
The Condition, Maintenance, and Repairs Maintenance is a major landlord responsibility. Hence, a landlord needs to keep the unit habitable and fix any damage caused by normal wear and tear by: Ensuring that electrical, lighting and plumbing are in excellent condition.
The willful retention of a security deposit in violation of this section shall render a landlord liable for treble the amount of that portion of the security deposit wrongfully withheld from the tenant, together with reasonable attorney fees and court costs; except that the tenant has the obligation to give notice to ...
Refunds of Security Deposits Section 92.103 states: the landlord shall refund a security deposit to the tenant on or before the 30th day after the date the tenant surrenders the premises.
Problems with your landlord? Call,Colorado Housing Connects at 1-844-926-6632.