I recently opted out of my contract with my Property Management company in OCT 13 2013 with four months left on the yearlong agreement. Due to me overlooking the Early Termination clause I was footed a bill for $500 ($125 for each remaining month). My tenant still sent November's rent to the Property Management company and it was received by them on NOV 3, 2013. Throughout the remainder of November and up until December 30th I was attempting to get not only the rent ($1350)but also my tenant's deposit ($1000). After a few emails back and forth, one of which was an email from the PM company asking me for my current mailing address which I felt was a stalling tactic, I finally received both the NOV rent and deposit minus the 500 dollars. I am wondering if there is a standard or Texas specific timeframe in which they are supposed to forward me my owed rent. I would assume they should get it to me ASAP since I might need it right away to pay my mortgage on time.

I received my NOV rent about 55 days after it was received by them and my tenant's deposit about 75 days after I terminated the contract. As a homeowner what are the laws governmning termination of contracts and am I owed anything from the PM office due to them completely holding my rent for almost 2 months? Can the PM company get in any trouble for this scenario?