Real Estate Exam [Texas] 49, Texas Security Deposit and Landlord Duties

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Texas law sets no maximum limit on the amount a landlord can charge for a security deposit. - Landlords have exactly 30 calendar days after a tenant vacates and provides a forwarding address to return a security deposit or provide an itemized list of deductions. - Withholding a security deposit in "bad faith" can result in penalties of $100, three times the deposit amount wrongfully withheld, plus attorney's fees. - A landlord's duty to return the deposit is contingent upon the tenant providing a forwarding address in writing. - Texas law mandates specific security devices, including keyed and keyless deadbolts on exterior doors, door viewers, and window latches. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep