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Maybe even have the tenants pay extra rent for a set amount of time to offset the upgrades also. Id always keep in mind that they are your customers and you probably need them more than they need you.

I do not own an IP yet, however, see it very similar to running a business. I'd say there are a few options. 1. You simple say no. No money will come out of your pocket, however, you may annoy the tenants. 2. You agree and pay for the upgrades. The tenants are happy but you feel like...