07/13/2015 | Author: Editorial Staff
Texans who own property that’s subject to mandatory membership in a property owners association had an important win during this year’s legislative session. For POAs that allow property owners to lease their properties, new legislation limits how much control the POA can have over these rentals.
Thanks to a new law that went into effect June 19, POAs are no longer allowed to:
- Require a lease or rental applicant or tenant to be submitted to and approved by the POA or
- Require a consumer report, credit report, lease application, or rental application that was submitted by the applicant, tenant, or agent to the owner or owner’s agent to be submitted to the POA.
In addition, if a copy of a lease or rental agreement is required by the POA, any sensitive personal information on the document may be redacted or otherwise made unreadable or indecipherable.
Read about more legislative successes for Texas real estate in the July issue of Texas REALTOR® magazine.