Breaking a Lease in Midland, TX - Know the Laws
As a Texas landlord, you’re bound by the rules and regulations under Chapter 92 of Texas Property Codes. Among them are those regarding a tenant’s rights and obligations when it comes to breaking the previously agreed upon lease. In today’s article, we at McCourt Real Estate Property Management will go over everything a landlord would need to know about how and when their tenant could legally and illegally break their lease early. Defining a Lease Agreement in Texas A lease is a legally binding document between a landlord and a tenant. It lay…
Continue Reading...A Guide to the Eviction Process in Midland, Texas
As a property owner in Texas, you never want to be in a situation where you need to evict a tenant from your rental unit. But sometimes it is necessary. So, to evict a tenant legally, you must be familiar with the Texas eviction laws. As if you don’t - you could be held liable. Just like many other states, the Texas landlord-tenant laws are unique to this state, and this includes the eviction laws. But these regulations may seem confusing or overwhelming if you’re unfamiliar - which we understand. That’s why we at McCourt Real Estate have put …
Continue Reading...Texas Security Deposit Laws
Most landlords in Texas require their tenants to pay a security deposit. The security deposit is intended to ensure the fulfillment of the lease. It helps provide a layer of financial protection in case a tenant fails to abide by the terms of the lease agreement. A good example of this is when a tenant causes damage exceeding normal wear and tear. But there are a set of security deposit laws that you, as a Texas landlord, must abide by. These security deposit laws are primarily regulated under Texas property code § 92.102 and the Texas landlor…
Continue Reading...Texas Rental Laws - An Overview of Landlord Tenant Rights in Texas
All US states, including Texas, have landlord-tenant laws in place. It can be difficult for landlords, especially those who are new to the business or unfamiliar with local legislation or federal laws, to navigate these legal waters alone. Our comprehensive guide to Texas landlord-tenant law can help you understand your rights and responsibilities as a landlord. Texas Tenant Rights and Responsibilities According to the state's landlord-tenant law, a tenant's rights include: A clean, safe, and habitable environment. Be treated fairly by their l…
Continue Reading...Top Seven Signs of a Troubled Property
Do you know the visual indications that a property is in trouble? There are many visual indications that a property is in trouble. Some of the surface signs are immediately apparent. Allowing these situations to continue is expensive for you and discourages good residents from renting at your property. Good management can and will correct these issues. 1. Turnover is high. This causes you to lose money in streams. Solid, qualified residents simply do not move that often. If your turnover is high, there is a problem which should be found and fix…
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