Monthly Archives: August 2017

What to do with Harvey-affected transactions already under contract

Thousands of clients are in limbo due to the devastation left by Hurricane Harvey. And while every situation is different, here are sections in the TREC One to Four Family Residential Contract (Resale) and related addenda that might apply to transactions … Continue reading

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What are tenants’ and landlords’ rights for terminating a lease due to Harvey storm damage?

Paragraph 25 of TAR’s Residential Lease deals with casualty loss, which includes a loss due to weather events, such as Harvey. If the property is deemed partially or completely uninhabitable, Paragraph 25 references the Texas Property Code Section 92.054 for … Continue reading

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Important information for landlords considering raising rents in counties designated as disaster areas

With high demand for shelter in areas of Texas affected by Hurricane Harvey, some landlords are considering raising rent for intact properties. However, raising rents on current or prospective tenants may be considered price gouging, which is illegal. Section 17.46(b)(27) … Continue reading

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If you’re registered but unable to attend the Texas REALTORS® Conference

The Texas REALTORS® Conference will be held as scheduled September 8-11 in Dallas. TAR understands that some members who registered may not be able to attend due to circumstances brought on by Harvey. Although the cancellation deadline has passed, TAR … Continue reading

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How you can help those affected by Harvey

The NAR/Texas Association of REALTORS® Relief Fund helps people who have suffered losses due to natural disasters in Texas. One hundred percent of donations go directly to those affected by the storm, and contributions are tax-deductible to the extent allowed … Continue reading

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TAR clarifies misinformation about new homeowners insurance law

As the remnants of Hurricane Harvey make their way out of Texas, attention now focuses on rebuilding efforts in the communities affected by this unprecedented weather event. However, misinformation has been circulating on social media and in some news reports … Continue reading

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How TAR responded to TREC’s many proposed changes

The Texas Real Estate Commission at its August 7 meeting proposed many rule changes, and you can submit comments on these proposals until September 24 at general.counsel@trec.texas.gov. The Texas Association of REALTORS® submitted its comments on several aspects of the … Continue reading

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