Investing in apartments that are rented to Quest / Mantra other serviced apartments

[VYBerlinaV8]

Who would be responsible for capex/updating the units? I assume Mantra would need to update the units say every 5-7 years such as new carpet, paint etc?

They pay for 85% of the updates, we pay about 15% (exact details are in our lease agreement). Mantra make this decision based on analysis of their rental return and other costs.