Sentences with phrase «tenants damage the property»

Will the tenants damage your property?

If tenants damage the property, they risk of losing part or all of their deposit.

Does renters insurance pay the landlord if the tenant damages the property?

Landlords should always consider the possibility of a tenant damaging their property.

Not exact matches

When a tenant moves out, inspecting your property for damage can be stressful for everyone involved.

Business Liability Insurance is not usually required by law but can protect your business and personal assets from being taken in a judgement against you or as a tenant if you cause damage to a property you rent.

QUEENS, NY — Borough President Melinda Katz's Hurricane Relief Task Force today reviewed the progress of the work thus far in Queens by the City's «NYC Build it Back» Program, which is dedicated to assisting homeowners, landlords and tenants in the five boroughs whose homes and properties were damaged by Hurricane Sandy of October 2012.

You should switch your homeowner's insurance policy to a landlord property insurance policy to cover any losses due to tenant's negligence, natural disasters, fire or water damage.

Renters insurance covers some common water damage - related scenarios a tenant might face, but who is responsible for what types of damage --- the renter or the property owner — can be puzzling.

Yes, if a bathtub (or sink) overflows and damages a rental property or a tenant's personal property, the tenant might consider filing a renters insurance claim.

Note that landlord property damage insurance sometimes pays for tenant damage, and sometimes it will not.

This means that, if you negligently caused a fire which damaged the building, or other tenants, by self insuring your total exposure is $ 100,000 (liability) + $ 17,500 personal property + $ 4,500 loss of use + $ 1,000 medical payments to others.

Property damage: This covers damage to your buildings and personal property due to fire, storm damage, theft, vandalism and tenantProperty damage: This covers damage to your buildings and personal property due to fire, storm damage, theft, vandalism and tenantproperty due to fire, storm damage, theft, vandalism and tenant damage.

Don't forget tenant's insurance, which is relatively inexpensive, and will cover you for theft, fire and liability, should you ever be held responsible for damage to someone else's property or for injury.

It is a fair investment with risk from vacancy, tenant damage, adverse neighbourhood change and compensating potential gains if the price of the property rises.

It can prove difficult to find tenants for a rental property — and finding good tenants that pay their rent on time, don't damage the property, and don't break... read more →

Germond gives this example: Say a tenant leaves food cooking on his stove too long and starts a fire that damages both his and another renter's property.

Suppose your tenants are unable to live in your property if it's damaged by fire or smoke, for instance.

If you have dwelling coverage in place, you can rest assured that will have your property back if it gets damaged by the tenants.

It's imperative that we begin to brand into every single tenant's mind that their personal property is their personal problem and that property management has no responsibility for damage or loss to that property.

As a tenant, the property owner must allow you to leave your lease if a property is damaged and the landlord can not fix it.

Remember that you as tenants are both jointly and severally liable for damage to the property.

Landlords are not usually responsible for a tenant's personal property unless the tenants can prove damages were caused by a landlord's negligence.

All told, it took them four months to clean up their tenant's mess and to fix the $ 12,000 in damage done to their Halifax property.

A landlord's property insurance only covers structural damage to the building as a result of fire or inclement weather, not the tenants» personal property.

If you are borrowing for a property in California that has existing tenants or has significant structural damage, make sure to do your homework.

Unlike an earthquake's shaking, which can damage personl property inside a rented dwelling, sinkholes are most threatening to structures — which a landlord, not a tenant, is responsible for.

if you receive an amount from a tenant to cover the cost of repairing damage to your rental property and you can claim a deduction for the cost of the repairs, you need to include the whole amount in your income

We suppose an argument could be made for coverage to tenant property damaged by gunshots under the peril of vandalism or malicious mischief, but that would work only if the shots were fired «for fun» or just to cause damage.

I often hear people speak about the difficulties of renting out a house, such as dealing with damage to the property, delinquent tenants, occupancy, etc..

Although it's the landlord's responsibility to maintain the property, some damage might slip their notice or be out of their control because of bad tenants.

The owner of the property might not know who caused the damage, so they might sue all the tenants on the lease.

Weather, fire, property crimes and tenant carelessness can each play a role in causing expensive property damage to your home.

Your landlord requires Bowie, MD Renters Insurance because he knows that some portion of tenants will damage the property through their negligence.

a reimbursement or recoupment for deductible expenditure, such as an amount from a tenant to cover the cost of repairing damage to your rental property (where you would include the whole amount you receive from the tenant in your income and claim a deduction for the cost of the repairs)

Fine says a quick and aggressive response is necessary to limit the damage if a tenant stops paying rent or damages the property.

Harsh weather, fire, property crimes and even tenant carelessness can each play a role in damaging your property.

Even if you never have to deal with the worst - case scenario — eviction — tenants can still trash properties and leave behind massive amounts of damage.

(B) Except in the normal performance of duty as a mobility or signal aid, this paragraph does not prevent the owner of a housing accommodation from establishing terms in a lease or rental agreement that reasonably regulate the presence of guide dogs, signal dogs, or service dogs on the premises of a housing accommodation, nor does this paragraph relieve a tenant from any liability otherwise imposed by law for real and personal property damages caused by such a dog when proof of the damage exists.

Moreover, the tenant is generally liable for the cost of removal of any such materials, for the cost of any remedial action incurred by any governmental authority, and for personal injury or property damage arising from any violation of this provision.

It's made between the landlord of a furnished rental property and a tenant, and it covers monthly rent, security deposit, damages, and more.

This is important because tenants are typically responsible for paying for any damages to the property beyond normal wear and tear.

Problem tenants can cost you by damaging your property or paying their rent late (or not at all), and can bring the overall value of your building down by harming its reputation.

Security Deposit Details It's customary practice to ask for a fixed sum (separate from rent) prior to when tenants move in as collateral, in case they fail to pay rent or cause property damage.

Whether a tenant is disturbing other tenants, struggling to pay rent or damaging your rental property, it's important to know the legalities behind lease termination and evicting a tenant to avoid further headache.

volunteer mediator for San Diego Small Claims Court - various disputes including HOAs; landlord tenant; tort claims; property damage / theft; insurance; collections; construction deficiencies, to name a few.

According to Matthew, in addition to an action for eviction and money damages, a landlord may also seek a distress writ, which doesn't allow a tenant to remove or destroy any of the valuable property.

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- Failure to pay rent - Violation of lease agreement (illegal usage, subletting, pets, etc.)- Health or safety hazards caused by the tenant - Damage to the rental property / premises.

Whether a tenant is disturbing other tenants, struggling to pay rent or damaging your rental property, it's important to know the legalities behind lease termination and evicting a tenant to avoid a further headache.