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That's what insurance is for, or maybe a loan. If the repair is not basic, then it sounds like it's going to be very costly. If it's very costly, then the ten
by magduf 7y ago
That's what insurance is for, or maybe a loan.
If the repair is not basic, then it sounds like it's going to be very costly. If it's very costly, then the tenants missing a month or two of rent is not going to be enough to make a difference on the landlord being able to afford it. After all, the amount of money they should be raking in above the mortgage on the property is not generally going to be a large fraction of the total rent. So if the landlord can't swing a few hundred dollars for an unforeseen repair, then they aren't in sufficient financial shape to be owning and renting out that property, since the landlord (in normal circumstances) is fully responsible for keeping the property in good repair at all times. "I can't afford it" is not a valid excuse for not doing repairs, and the court system agrees with me.