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Landlord/Tenant rights in Texas in regards to lease renewal increases
Anonymous3 views1 answers
Hi. I found out today (by means of an online ad) that the property that I am renting is up for sale. In the ad it states that the rent will increase upon renewal time. I'm in Texas and was wondering if there is a maximum increase allowed? After confronting the landlord to find out what is going on and how much it will increase he said it will be $100. Is that legal? Thanks!
Generally speaking, someone who buys rental property takes it subject to the contractual obligations of the seller. That would mean the new owner would acquire the property as already leased to you (including renewal options you may have on your lease).
Thereafter, the new owner stands in the shoes of the old one. In general, there's nothing in Texas law that forbids a property owner from raising the rental price he demands upon the expiration of a lease. The old contract has expired, and he can make, or refuse to make, a new contract on whatever terms he chooses. The tenant's choice, in turn, is to either accept the proposed new rent; reject it and make a counteroffer (which the landlord might accept but might also reject); or simply to reject the proposed new rent and leave.
