DFW REI Club

 Dallas/Fort Worth Real Estate Investor Club

Senate Bill 1414: Relating to fees regarding a residential tenant’s failure to timely pay rent.

  • 11 Jul 2019 5:30 PM
    Message # 7775965

    Have you all seen this?  Was sent this notice by an RE attorney today:

    Amends Section 92.019 of the Property Code and adds Section 92.0191 to the Property Code

    Clarifies the standard for late fees that a landlord on a residential lease may charge to “reasonable” fees. Increases the time period for which a landlord is forbidden from charging a late fee on a residential lease from one full day to two full days after rent is due. Establishes safe-harbor definitions for “reasonable” fees, which shall be not more than 12 percent of the rent amount for a 1-4 family rental complex and not more than 10 percent of the rent amount for rental complexes with 5 units or more. Clarifies definition of treble-damages against landlord for improper collection of late fees.  Establishes that a residential tenant may request a written statement of whether the tenant owes a late fee to the landlord and the amount of such fee.  Amended provisions as to late fees apply only to residential leases entered into on or after September 1, 2019.



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