Texas Property Code

§ 92.021 — LIABILITY OF CERTAIN GUARANTORS UNDER LEASE

PR § 92.021Title 8. LANDLORD AND TENANT · Ch. 92. RESIDENTIAL TENANCIES · Art. A. GENERAL PROVISIONS

Statute text

(a)A person other than a tenant who guarantees a lease is liable only for the original lease term except that a person may specify that the person agrees to guarantee a renewal of the lease as provided by Subsection (b).

(b)A person may specify in writing in an original lease that the person will guarantee a renewal of the lease only if the original lease states:

(1)the last date, as specified by the guarantor, on which the renewal of the lease will renew the obligation of the guarantor;

(2)that the guarantor is liable under a renewal of the lease that occurs on or before that date; and

(3)that the guarantor is liable under a renewal of the lease only if the renewal:

(A)involves the same parties as the original lease; and

…

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 601 (H.B. 534), Sec. 1, eff. January 1, 2010.