If you've found yourself here, it's probably because you're contemplating renting out an investment property in Houston. Whether you're a first-time landlord eager to gather as much information as possible or a seasoned pro seeking to brush up on your knowledge, it's essential to adhere to various rules and regulations to maintain compliance with local laws. In this post, we'll delve into the vital aspects you need to be aware of to confidently rent your property in Houston.
Here are the top five things you need to know before renting your property in Houston:
Texas Property Code: The Texas Property Code contains various statutes that govern landlord-tenant relationships in the state. It covers areas such as security deposits, eviction procedures, tenant rights, habitability standards, and lease termination. Familiarize yourself with the relevant sections of the code to ensure you comply with the law and protect your rights as a landlord.
Fair Housing Act: The Fair Housing Act is a federal law that prohibits discrimination in housing based on race, color, religion, sex, national origin, familial status, and disability. It is important to adhere to fair housing laws during the tenant selection process and throughout the tenancy to avoid any potential legal issues or discrimination claims.
Security Deposit Laws: Texas has specific regulations regarding security deposits. Landlords must provide tenants with a written notice of their security deposit rights, including details about how and when the deposit will be returned. The law outlines the timeframe for returning the deposit and the allowable deductions, such as unpaid rent or damages beyond normal wear and tear.
Landlord's Duty to Repair: Under Texas law, landlords are required to maintain the property in a habitable condition. This means ensuring that essential utilities, such as plumbing, heating, and electricity, are in working order. Landlords must address repair requests in a timely manner to ensure the property remains habitable for tenants.
Eviction Procedures: In the unfortunate event that you need to evict a tenant, it's crucial to follow the proper legal procedures outlined in the Texas Property Code. This includes providing written notice to the tenant, filing an eviction lawsuit if necessary, and obtaining a court order for possession of the property. It's advisable to consult with an attorney to ensure you follow all legal requirements during the eviction process.
We hope this overview has made you feel more confident about your decision to rent your property in Houston. These kinds of requirements change are always subject to change, so it’s always best to check local ordinances to ensure you’re in compliance.
Here at Nomad, we’re experts when it comes to pricing your property, finding a well-vetted tenant, and guaranteeing your rent for the duration of the lease you sign with your tenant. If you’re interested in learning more about these services and why over 6,000 owners love working with us, get started by requesting your free Guaranteed Rental Estimate!