Texas Government Code 2306.852 – Property Owner Restriction
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Terms Used In Texas Government Code 2306.852
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: means real and personal property. See Texas Government Code 311.005
Except as provided by this subchapter, a property owner to whom this subchapter applies may not sell, lease, or otherwise dispose of a multifamily housing development described by § 2306.851(a) or take any other action if that action will cause the disruption or discontinuance of:
(1) the development’s federal insurance or assistance; or
(2) the provision of low income housing assistance to residents of the development.