Texas Real Property Flashcards
1
Q
Return Security Deposit
A
Residential: 30 days
Commercial: 60 Days
2
Q
Requirements for Mechanics Lien
A
Property notice of clam to owner and original contractor
Unless claim is paid or settled, file a lien affidavit no latter than 15 day of 3rd month after indebtedness. Must be signed.
Copy sent by registered/certified mail to owner and original contractor within 5 days of affidavit being filed.
3
Q
Landlord Duties
A
Security Devices (repair and replace) Smoke Detectors (inspect and repair) Statutory Duty --> could affect health and safety unless caused by tenant.
4
Q
Adverse Possession Statutes
A
3, 5, 10, 15, 25
5
Q
Deed Requirements
A
Effective whether or not it is recorded. However, failure to record may result in loss of interest because subsequent purchaser will not have notice