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Texas Statutes (Last Updated: January 4, 2014) |
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ESTATES CODE |
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Title 3. GUARDIANSHIP AND RELATED PROCEDURES |
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Subtitle E. ADMINISTRATION OF GUARDIANSHIP |
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Chapter 1159. RENTING ESTATE PROPERTY |
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Subchapter B. REPORT ON RENTED ESTATE PROPERTY |
Sec. 1159.051. REPORTS CONCERNING RENTALS
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(a) A guardian of an estate who rents estate property with an appraised value of $3,000 or more, not later than the 30th day after the date of the rental, shall 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 the person renting the property;
(4) the rental amount;
(5) whether the rental was for cash or on credit; and
(6) if the rental was on credit, the length of time, the terms, and the security received for the credit.
(b) A guardian 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.