New Flood Disclosure Addendum Explained
During the 87th Texas Legislature, a change in law passed that requires landlords to give notice to prospective residential tenants if the landlords are aware that the rental dwelling is located in a 100-year floodplain or whether the rental dwelling has flooded at during the past five years.
Texas REALTORS® created the Addendum Regarding Rental Flood Disclosure (TXR 2015) to satisfy the required disclosure. Use of the form for residential leases in Texas is mandatory starting January 1, 2022.
Watch the video below for the what, why, and how of the new requirement and answers to common policy questions.