Real Estate + Technology + Business
Lease Option Law Signed – TEXAS
Friday, Governor Perry signed into law House Bill 1823 which makes it nearly impossible to do a lease option in the state of Texas (see previous post).
We are currently investigating ways around this law, but you would be wise to understand exactly what your obligations and risks are if you decide to lease a house with an option tied to it.
Resources:
- Excellent list of the new rules by Attorney Steve Tiemann
- Text of HB1823
| Print article | This entry was posted by Jeremy on June 20, 2005 at 5:02 pm, and is filed under Law, Real Estate. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
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about 6 years ago - 7 comments
There have been a lot of people requesting more information on the lease option law that was passed recently here in Texas. For the people (like me) that like to understand all the details of everything you can read Bryan Dunklin’s Commentary and Steve Tiemann’s Commentary. For the rest of you, here is the net