What’s a tenant going to pay for?
A tenant, under a typical professional lease, is responsible for the first ____ dollars of any repair that occurs. Most people are afraid to put an amount in there because they’re leasing a product that’s very poor. The tenant will then complain about how you can’t expect them to pay the first $300 dollars because of all the stuff that could go wrong. As oppose to having the best product at the best price, you go in there with your tenant and you say, “Everything in here is perfect. Now, you maintain it. You pay the first $300 of every repair that occurs.” If you analyze the cost of repairing a house, there’s almost nothing in the house that cost more than $300.
Related Questions
- I am a tenant in a building and I have to pay for common area utility bills and I’d like to see improved lighting efficiency, but I don’t have the authority to make changes. How can I participate?
- What happens if the tenant doesnt pay and continues to park in my space?
- What’s a tenant going to pay for?
