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ps: I dont even have a Plasma , but i do have three houses!! , I know what I would prefer.....
You can't watch the world cup on houses mate
Not exactly, actually. If he can prove it was damaged by somebody else's negligence or criminal act, then that person is responsible for making him good, whether he had insurance or not. The tenant's logic in this case is not that the landlord is automatically responsible for all the tenant's contents, but the tenant is arguing that this particular damage was caused by a fault with the property. (He's almost certainly wrong, by the sound of it, but that's his position. )By the renter not taking out his own contents insurance, he and he alone bears the risk of damage to his property.
Not exactly, actually. If he can prove it was damaged by somebody else's negligence or criminal act, then that person is responsible for making him good, whether he had insurance or not. The tenant's logic in this case is not that the landlord is automatically responsible for all the tenant's contents, but the tenant is arguing that this particular damage was caused by a fault with the property. (He's almost certainly wrong, by the sound of it, but that's his position. )
It's a common misconception that requests for repairs going unanswered are somehow relevant. The only thing that's relevant is whether a fault with the property caused the damage. If it did, whether the landlord knew about it or not, the landlord's liable. If it didn't, even if the tenant had requested repair, it's irrelevant and the landlord's not liable.Unless of course he's lodged a complaint about the houses wiring faults months ago to no avail?
1. Tenant is willing to sign another lease for 6 months at the current rent (they had been trying to get a $75.00 reduction)
2. The tenant wants me to buy a New Plasma Screen TV at $ 1,800.00
Don't mean to hijack, but this is an interesting sideline.
I fully understand Terryw's reaction, because I used to have that attitude - "Why would you rent?!?" And this individual renter aside, it has, funnily enough, taken me a long time to come to the realisation that some people choose to rent.
I had a colleague who was renting. A sales guys, and earning reasonable commissions. BUT, he lived in about 5 different locations (Sydney, Melbourne, Geelong) in the 10 years I knew him. And for a lot of that time he was travelling during the week and partying on the weekend, so was really only renting a place to keep his stuff and occasionally sleep.
And he was instead investing in shares and now has (had? ) a sizable portfolio. Now that he's engaged and looking to "settle down", he's bought a place, but it would have made NO sense (financial or lifestyle) whatsoever for him to have purchased a PPOR during that 10 year period.
Sorry to derail - maybe I should have started a new thread.
I think those two conditions are quite reasonable actually.
The $ 1,800 is small change to keep your valuable Tenant happy. I'd just pay it and move on. It's tax deductible so all cool.
Having the property leased for another 6 months is a comfort. I hope you've approved the extension.
I think you under-estimate how valuable Tenants are to your investing. Treat them with respect, not disdain. What you are stressing about is small potatoes.
Keep thinking of the big picture Sungam and all will work out well. Peace and good karma to you.
My property manager said "no way", get your insurance to cover it. From the conversation that ensued we believe that he doesnt have any...[/B]
And figured that the tenat started a converstaoin wtiht the PM.
I think those two conditions are quite reasonable actually.
The $ 1,800 is small change to keep your valuable Tenant happy. I'd just pay it and move on. It's tax deductible so all cool.
Having the property leased for another 6 months is a comfort. I hope you've approved the extension.
I think you under-estimate how valuable Tenants are to your investing. Treat them with respect, not disdain. What you are stressing about is small potatoes.
Keep thinking of the big picture Sungam and all will work out well. Peace and good karma to you.