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Texas Estates Code - EST § 357.051. Reports Concerning Rentals

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A personal representative of an estate who rents estate property with an appraised value of $3,000 or more shall, not later than the 30th day after the date the property is rented, file with the court a sworn and written report stating:

(1) the property rented and the property's appraised value;

(2) the date the property was rented and whether the rental occurred at public auction or privately;

(3) the name of each person renting the property;

(4) the rental amount; and

(5) whether the rental was for cash or on credit and, if on credit, the length of time, the terms, and the security received for the credit.

(b) A personal representative of an estate who rents estate property with an appraised value of less than $3,000 may report the rental in the next annual or final account that must be filed as required by law.

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Cite this article: FindLaw.com - Texas Estates Code - EST § 357.051. Reports Concerning Rentals - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-357-051/

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