84R10870 LEH-D
By: Anchia H.B. No. 3072
A BILL TO BE ENTITLED
AN ACT
relating to responsibility of new owners of residential rental
property for tenant security deposits.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 92.105, Property Code, is amended by
amending Subsections (a) and (b) and adding Subsection (b-1) to
read as follows:
(a) If the owner's interest in the premises is terminated by
sale, assignment, death, appointment of a receiver, bankruptcy, or
otherwise, the new owner is liable for the return of security
deposits according to this subchapter from the date title to the
premises is acquired [, regardless of whether notice is given to the
tenant under Subsection (b) of this section].
(b) The [person who no longer owns an interest in the rental
premises remains liable for a security deposit received while the
person was the owner until the] new owner shall deliver [delivers]
to the tenant a signed statement acknowledging that the new owner
has acquired the property [received] and is responsible for the
tenant's security deposit and specifying the exact dollar amount of
the deposit.
(b-1) The person who no longer owns an interest in the
rental premises is liable to the new owner for a security deposit
received while the person was the owner until the new owner has
received the deposit.
SECTION 2. The changes in law made by this Act apply only to
a security deposit received on or after the effective date of this
Act. A security deposit received before the effective date of this
Act is governed by the law applicable to the security deposit
immediately before that date, and the former law is continued in
effect for that purpose.
SECTION 3. This Act takes effect September 1, 2015.