Articles 
 
 What is a 1031 Exchange?
 
 Elements of an Exchange
 
 Types of Exchanges
 
 Exchange vs. Sell
 
 Investment Basics
 
 Resources & Links
 
 Mountain Resource
 
 Summit County Market
Search

 

Resources & Links  


What is Wear & Tear on Your Rental Property?
By RealEstateColorado.Net,Inc.

Email this article
 Printer friendly page
Normal Wear & Tear Information contained on this page are based on the experiences of our team as well as the many Landlord Tenant manuals published by the various State, County, and City Courts. Additionally, there are many public records that record decisions by the courts on Normal Wear and Tear cases across the country. Each individuals situation varies from home to home and one landlord may not interpret the laws the same. Some may be more lenient, others not.

Before you move into a rented Home or Apartment, be sure to do a walk through with the owner or property manager. Why? Because when you move out, the landlord may attempt to charge you for "damages" to the unit. What defines damages is often contested and the tenant, unless they have a move-in-checklist and pictures, may lose out in court.

A general rule of thumb - are you leaving the unit in the same condition as when you moved in? Again take pictures and have the landlord or property manager agree to the condition. Same when you leave. A landlord can only withhold for damages only amounts that are deemed reasonable for the damage claimed. If a defect existed before you moved in, you should not be charged for that particular problem. The importance of pictures and a move-in checklist cannot be stressed enough. The average cost to clean is $10.00 per hour. For an average apartment - around $135 for the full job. If you do not have time, consider hiring a cleaning service. Normal Wear and Tear is vague term and means different things to different people. So protect yourself.

For additional resources visit:

Send a Free Colorful Colorado Post Card

Breckenridge Colorado Real Estate


Denver Foreclosures - CO Foreclosures

5358



Denver Real Estate Blog Find Denver CO Real Estate News Denver Colorado Homes in our Denver real estate Blog

Breckenridge Real Estate Blog Search Breckenridge Real Estate News on Breckenridge Colorado homes with our Breckenridge Blog

© Copyright 2004 by RealEstateColorado.net

Top of Page

 



Web Site Design By IMC
Copyright © 1998, All Rights Reserved