Texas law requires you to return your tenant’s security deposit within 30 days of vacating. If your lease agreement requires your tenants to give notice before moving out and they do not give the appropriate notice before leaving, you can keep the security deposit. You can also withhold money from the security deposit to pay for any damages, unpaid rent, or unpaid utility bills. You’ll need to document and itemize every dollar that you keep. If you’re withholding money to pay for a door that was broken during the tenancy, be sure to document that and include an invoice or a receipt for the work that was done to repair or replace the door.
Wear and tear issues are the landlord’s responsibility, so you cannot deduct anything from the tenant’s deposit to cover things like small nail holes in the walls from where pictures were hung or scuff marks from furniture.
A property owner in Texas does not need a license to rent out a home. However, your El Paso property management company does need a broker’s license in order to lease and manage your property.
We’d be happy to tell you more and to protect you and your investment against expensive legal mistakes. Contact our team at Century 21 Haggerty Property Management.