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.
