LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 20, 2009 TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB883 by Rodriguez (Relating to early termination of a residential lease agreement.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Property Code and provide that a tenant who terminates a lease early is liable to the landlord for damages that accrue to the landlord as a result of that early termination minus setoffs or amounts collected by the landlord in his/her effort to mitigate the damages. While the provisions of the bill could result in additional investigations by the Office of the Attorney General, it is assumed that any costs associated with implementation of the provisions of the bill could be absorbed within existing state resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:302 Office of the Attorney General LBB Staff: JOB, JRO, JM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 20, 2009
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB883 by Rodriguez (Relating to early termination of a residential lease agreement.), Committee Report 1st House, Substituted
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB883 by Rodriguez (Relating to early termination of a residential lease agreement.), Committee Report 1st House, Substituted
Honorable Joe Deshotel, Chair, House Committee on Business & Industry
Honorable Joe Deshotel, Chair, House Committee on Business & Industry
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB883 by Rodriguez (Relating to early termination of a residential lease agreement.), Committee Report 1st House, Substituted
HB883 by Rodriguez (Relating to early termination of a residential lease agreement.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Property Code and provide that a tenant who terminates a lease early is liable to the landlord for damages that accrue to the landlord as a result of that early termination minus setoffs or amounts collected by the landlord in his/her effort to mitigate the damages. While the provisions of the bill could result in additional investigations by the Office of the Attorney General, it is assumed that any costs associated with implementation of the provisions of the bill could be absorbed within existing state resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 302 Office of the Attorney General
302 Office of the Attorney General
LBB Staff: JOB, JRO, JM
JOB, JRO, JM