This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.
South Dakota Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent
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FAQ
Section 92.104 of the Texas Property Code describes what a landlord may deduct from a security deposit: Before returning a security deposit, the landlord may deduct from the deposit damages and charges for which the tenant is legally liable under the lease or as a result of breaching the lease.
Except in case of an emergency or if it is impracticable to do so, a landlord or landlord's agent shall give the tenant reasonable notice of the landlord's intent to enter and enter only at reasonable times.
Section 92.0563 of the Texas Property Code allows a judge to order the landlord to do any of the following: Take reasonable action to repair the problem. Reduce rent based on how the value of the rental was affected by the problem. Pay the tenant one month's rent plus $500.
Index Lease - A type of graduated lease in which the periodic rent increase are tied to increases in the consumer price index, or some other economic indicator.
Raising Rent ? Landlords may raise the rent by however much they deem necessary, however, they must give their tenants 30-day notice before doing so. Notice of Entry ? Landlords are required to give their tenants a 24-hour notice before entering the property unless it is an emergency.
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.
Unless you live in public or subsidized housing, there is no limit on the amount that can be charged as a security deposit. From Security Deposits by Texas RioGrande Legal Aid.
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.
