This office lease clause states that the amount of the security deposit shall be reduced from 4 months' Base Rent to 3 months' Base Rent provided that certain lease conditions are met by the lessee.
This office lease clause states that the amount of the security deposit shall be reduced from 4 months' Base Rent to 3 months' Base Rent provided that certain lease conditions are met by the lessee.
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Security deposits from the tenant in residential dwelling units shall be deposited in a trust account with a licensed and federally insured depository institution or a trust institution authorized to do business in this State, or the landlord may, at the landlord's option, furnish a bond from an insurance company ...
(c) A landlord shall return the security deposit along with a written statement itemizing any deductions to a tenant within 14 days from the date on which the landlord discovers that the tenant vacated or abandoned the dwelling unit or the date the tenant vacated the dwelling unit, provided the landlord received notice ...
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.
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.
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.
Landlords must ensure that each dwelling unit has an adequate heating system and complies with all applicable codes. Landlords must allow tenants the full use and enjoyment of the dwelling unit and must comply with the rental agreement and the law regarding landlord access to the rental unit.
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.
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.