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TX — SouthBusiness-FriendlyMedium Risk

Property Management Agreementin Texas

A contract between a property owner and management company defining the scope of property management services, fees, and authority to act on behalf of the owner. Texas's business-friendly legal climate creates specific considerations for PMA drafting and enforcement.

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Legal Climate
Business-Friendly
Non-Competes
Enforced
Governing Law
Very Popular
Key City
Houston

Texas Contract Law

Key Legal Fact

Texas Covenants Not to Compete Act permits non-competes if ancillary to enforceable agreement with limited restrictions.

Notable PMA Law

Tex. Bus. & Com. Code § 15.50 requires non-competes to be ancillary to otherwise enforceable agreement.

Key Clauses to Review

1
Management Fee Structure
Requires Texas-specific drafting under business-friendly legal standards.
2
Spending Authority Limits
Requires Texas-specific drafting under business-friendly legal standards.
3
Termination Without Cause
Requires Texas-specific drafting under business-friendly legal standards.
⚠ Common Issue
Broad spending authority without owner approval thresholds

Major Industries in Texas

EnergyTechnologyHealthcareAgriculture

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