When purchasing a property, understanding its condition before closing is crucial. In Texas, the TREC One to Four Family Residential Contract is the most commonly used contract for resale transactions. Paragraph 10 of this contract specifies that the property must be turned over in its present or required condition, which can be vague. Here’s what…
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Lockboxes are a convenient way for property managers and landlords to provide secure access to rental properties, but they are not immune to theft. If a lockbox disappears from one of your rental properties, it could indicate a potential security risk. Here’s what you should do to protect your property and your tenants. Rekey the…
Lease renewals in Texas, particularly under the Texas Association of Realtors (TAR) lease, follow a specific process that is important for both landlords and tenants to understand. These renewals function under an “evergreen” clause, meaning they renew automatically under certain conditions. Here’s a closer look at how lease renewals work in Texas. Understanding the TAR…
When considering whether renting out your home is a good investment, there’s no one-size-fits-all answer. The profitability of such a venture depends on several factors, including acquisition cost, mortgage terms, property taxes, and local rental market conditions. However, there are compelling benefits to turning your home into a rental property. Let’s explore the two main…
Handling abandoned property is a common issue faced by landlords, particularly in cases involving breach of lease agreements. While it can seem like a hassle, Texas law provides specific guidelines for landlords to manage such situations. Below, we’ll outline the practical steps landlords can take when dealing with abandoned property. Understanding Abandonment in Texas In…