TX HB1299

Expands the definition of "security deposit" to include any advance of money intended to secure lease performance or to secure payment for damage to leased premises

Creates a legal presumption that any deposit a landlord requires from a prospective tenant to lease a dwelling, or that a lease requires a tenant to provide or maintain during the lease term, is a security deposit

Presumes that any refundable or nonrefundable fee or charge required by a landlord for damages—regardless of how it is labeled—is a security deposit subject to existing security deposit regulations

Applies only to residential leases entered into or renewed on or after the effective date; existing leases remain governed by prior law

Takes effect immediately with two-thirds legislative vote, otherwise September 1, 2025