Texas Property Code 94.056 – Penalty for Late Payment
Current as of: 2024 | Check for updates
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Terms Used In Texas Property Code 94.056
- 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
A landlord may assess a penalty for late payment of rent or another fee or charge if the payment is not remitted on or before the date stipulated in the lease agreement.