Security deposit in Texas

[Eric Wehrman]

I have a tenant that has bad credit is it legal to require additional security deposit in Texas

[Bart H.]

Originally posted by @Eric Wehrman:

I have a tenant that has bad credit is it legal to require additional security deposit in Texas

I am not an attorney, but yes I am fairly certain it is.  We have requested a couple of times extra security deposits from tenants with low credit scores.

Honest question, why not pass on the tenant?  And wait for someone with a better credit score?

I find that lower credit scores aren't worth it.  Might get a few dollars up front, but in the long run its just not worth it, lower credit scores are highly related to good tenants.

We have learned thru the years its best to have a few months of vacancies over taking the first person with a pulse.