Relating to notice to a prospective residential tenant regarding flooding and flood insurance.
Impact
If landlords fail to comply with this requirement and a tenant suffers property loss due to flooding, the tenant has the right to terminate the lease by notifying the landlord in writing. This change marks a significant step forward in tenant rights concerning residential leases, ensuring that tenants are better informed about the risks related to flooding and the importance of obtaining adequate flood insurance coverage. The bill applies only to leases signed after its effective date.
Summary
House Bill 993 is a legislative act that requires landlords to provide prospective tenants with explicit written notice regarding the potential risk of flooding and the relevance of flood insurance. The bill amends the Property Code, introducing a new provision that stipulates landlords must notify tenants if a property may be located in a flood hazard area as designated by FEMA. This notice must be included either in the lease agreement itself or as a separate document provided prior to the signing of the lease.
Sentiment
The sentiment surrounding HB 993 has been generally positive, with advocates citing its importance in enhancing tenant awareness about flood risks which is crucial for safeguarding personal property. There appears to be broad appreciation for the measure's goal of holding landlords accountable for informing tenants about potential hazards, reflecting a growing recognition of environmental awareness in real estate transactions.
Contention
Notably, concerns were raised regarding the administrative burden this bill could place on landlords, particularly smaller property owners who may find compliance challenging. Opponents voiced that while the intent is commendable, the practical implementation of such requirements might create unforeseen complications in the leasing process.