Are there restrictions on how much I can charge for rent on my condo unit?

Yes, there are restrictions on how much you can charge for rent on your condo unit in Texas. According to Texas law, all rental agreements must adhere to the fair market value of comparable units in the same area. For example, if similar units in the same area are renting for $900 per month, you cannot charge more than that amount for your unit. Additionally, if you have a tenant who has been living in the unit for more than 12 months, you must provide at least 60 days’ notice before increasing their rent. This is also known as a “rent increase limitation”. Finally, if you plan to evict a tenant for non-payment of rent, Texas law requires that you provide at least a 3-day notice. During this time, the tenant may be able to pay their rent and remain in the unit. Overall, Texas law provides for a balance between landlords and tenants to ensure that rent is not unfairly increased and tenants are given an opportunity to pay what they owe and remain in their rental unit. It is important to keep in mind that there may be additional local laws and regulations that affect rental agreements, so it is important to check with your local city and county government offices to see if there are any additional restrictions that apply.

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Are there restrictions on how much I can charge for rent on my condo unit?

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