Source:Section 92.102 — Security Deposit, https://statutes.capitol.texas.gov/Docs/PR/htm/PR.92.htm#92.102 (accessed Dec. 23, 2023).
As an expert in property law and rental agreements, I've delved deep into the intricacies of landlord-tenant relationships, particularly in the context of security deposits. My expertise is rooted in both practical experience and a comprehensive understanding of the legal frameworks governing such transactions.
Now, let's break down the information provided in the excerpt:
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Definition of Security Deposit:
- A security deposit is defined as any advance of money, excluding a rental application deposit or an advance payment of rent.
- Its primary purpose is to secure the performance under a lease of a dwelling that has been entered into by a landlord and a tenant.
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Legislative History:
- The information cites specific legislative acts to establish the legal basis for security deposits. Acts of 1983, 68th Leg., p. 3639, ch. 576, Sec. 1, effective Jan. 1, 1984.
- It highlights an amendment made by Acts 1995, 74th Leg., ch. 744, Sec. 2, effective Jan. 1, 1996.
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Source Reference:
- The source of this information is explicitly mentioned as Section 92.102 of the Texas Property Code.
- The source link provided is , accessed on Dec. 23, 2023.
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Legal Context:
- The information falls under the legal domain, specifically property law and the regulations governing landlord-tenant relationships.
- It emphasizes that security deposits are intended to ensure the fulfillment of lease obligations and protect both parties involved.
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Temporal Reference:
- The effective date of the initial legislation introducing the concept of security deposits is Jan. 1, 1984.
- An amendment in 1995 further refined the legal framework, with an effective date of Jan. 1, 1996.
By referencing specific legislative acts, legal codes, and providing a direct link to the source, the information in the article gains credibility and demonstrates a meticulous approach to understanding and presenting the details of security deposits in the context of Texas property law.
