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.
Texas Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent
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FAQ
92.104. RETENTION OF SECURITY DEPOSIT; ACCOUNTING. (a) 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.
§92.354, Texas Property Code, Liability of Landlord A landlord who in bad faith fails to refund an application fee or deposit in violation of this subchapter is liable for an amount equal to the sum of $100, three times the amount wrongfully retained, and the applicant's reasonable attorney's fees.
Section 92.201 - Disclosure of Ownership and Management (a) A landlord shall disclose to a tenant, or to any government official or employee acting in an official capacity, ing to this subchapter: (1) the name and either a street or post office box address of the holder of record title, ing to the deed ...
Section 92.054 of the Texas Property Code, entitled, "CASUALTY LOSS" states: a. (a) If a condition results from an insured casualty loss, such as fire, smoke, hail, explosion, or a similar cause, the period for repair does not begin until the landlord receives the insurance proceeds.
Section 92.109 - Liability of Landlord (a) A landlord who in bad faith retains a security deposit in violation of this subchapter is liable for an amount equal to the sum of $100, three times the portion of the deposit wrongfully withheld, and the tenant's reasonable attorney's fees in a suit to recover the deposit.
Section 92.013 - Notice of Rule or Policy Change Affecting Tenant's Personal Property (a) A landlord shall give prior written notice to a tenant regarding a landlord rule or policy change that is not included in the lease agreement and that will affect any personal property owned by the tenant that is located outside ...
Section 92.056 of the Texas Property Code requires a tenant to take several steps before the landlord is considered to be liable to them. A landlord's liability allows a tenant to to take certain actions like ending the lease or deducting the cost of repairs from the rent.
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.
