Property Management
A Texas property manager collects security deposits from tenants. Under Texas Property Code Section 92.103, the landlord must return the security deposit within how many days after the tenant surrenders the premises?
A14 days
B21 days
C30 days✓ Correct
D60 days
Explanation
Texas Property Code Section 92.103 requires landlords to return the security deposit, or an itemized statement of deductions, within 30 days after the tenant surrenders possession. Failure to comply can result in the landlord forfeiting the right to retain any portion of the deposit.
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