Texas Real Estate Commission Residential Lease Agreement

Subsection 9(B)(5) expressly states that “if the property is the subject of a lease agreement, the seller (i) shall provide the buyer with the lease(s) and the withdrawal form signed by the lessee, if any, and (ii) pay the buyer security (as defined in section 92.102, Property Code) if applicable. In such a case, the buyer must provide the tenant with a signed statement attesting that the buyer has received the deposit and is responsible for the return of the deposit, and indicating the exact dollar amount of the deposit. “Texas REALTORS® Form 2210, notice to Tenant of Change in Management and Accountability for Security Deposit, could also be used for this purpose with some obvious changes…