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A few conditions under Section 92.052 of the Texas Property Code must be met before the landlord is required to make the repairs. Rent must be paid up to date, the issue must not have been caused ...
Originally, in an agricultural society, the law expected the landlord to rent the property to a tenant and then leave the tenant alone. It gave the landlord no right of access, but also no responsibility for repairs. The modern urban tenancy, especially in a multi-unit building with many building-wide systems, has forced that law to change.
The common law was harsh to tenants. Texas tenants leased their property "as is" under the common law doctrine of caveat emptor, Latin for "let the buyer beware." [30] The tenant was expected to carefully inspect the property before signing their lease. Afterwards, they were expected to continue paying rent even if the property became ...
Constructive eviction is a circumstance where a tenant's use of the property is so significantly impeded by actions under the landlord's authority that the tenant has no alternative but to vacate the premises. [1] The doctrine applies when a landlord of real property has acted in a way that renders the property uninhabitable. Constructive ...
Claim type. New average annual premium. Increase from national average. $12,000 wind claim. $2,381 +$95. $5,000 theft claim. $2,414 +128. $80,000 fire claim. $2,408
Also, homeowners must cover the cost of regular upkeep and repairs on the property. Other differences between owning and renting Renting versus buying a home isn’t just a matter of ownership.
The foreign housing exclusion goes hand-in-hand with the foreign earned income exclusion.According to section 911(a) of the federal tax code, a qualified individual under either the bona fide residence test or the physical presence test will be able to exclude from the gross income the housing amount in a foreign country provided for by the employer.
Converting a rental property into a primary residence is a significant financial move with potential tax implications that necessitate careful planning. By leveraging tools like Section 121 of the ...