Texas Occupations Code 2001.159 – License Issuance or Renewal
Current as of: 2024 | Check for updates
|
Other versions
(a) The commission shall issue or renew a commercial lessor license if the commission determines that:
(1) the applicant has paid the license fee as provided by § 2001.158;
(2) the applicant qualifies to be licensed under this chapter;
(3) the rent to be charged is fair and reasonable;
(4) there is no diversion of the funds of the proposed lessee from the lawful purposes under this chapter;
(5) the person whose signature or name appears in the application is in all respects the real party in interest and is not an undisclosed agent or trustee for the real party in interest; and
(6) the applicant will lease the premises for the conduct of bingo in accordance with this chapter.
Terms Used In Texas Occupations Code 2001.159
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Signature: includes the mark of a person unable to write, and "subscribe" includes the making of such a mark. See Texas Government Code 312.011
- Trustee: A person or institution holding and administering property in trust.
- Year: means 12 consecutive months. See Texas Government Code 311.005
(b) The commission shall issue a commercial lessor license under this section for the period specified in the license application or for a shorter period as the commission determines.
(c) Except as provided by § 2001.158(d), the period may not exceed one year.