People also ask
How often should you renovate your rental property?
– Rented. Experts argue that all properties should undergo major renovation every 15-20 years in order to keep them in the best condition. You should, of course, perform any other maintenance as need and when required. However, what do you do if there a tenant occupying the property when major renovation work is being done?
Can a tenant ask for a rent reduction on a renovation?
A tenant is well within their rights to ask for a rent reduction in certain circumstances. Does the renovation block off any part of the house? For example, if a downstairs toilet is inaccessible, it is reasonable that a tenant should receive reduced rent, since they have reduced access to the property.
Can a tenant stay on the property during renovations?
While exact renovation regulations will vary state by state, there are a few general rules of thumb to which you should adhere. If the tenant only option is to remain on the property during renovation work, you檒l need to work with them to come to a fair arrangement for all parties. Building structures and household items decay over time.
What should you do when remodeling a rental property?
For instance, if you have damaged their property as a result of the reconstruction work. Do your best to work around the tenant and keep them updated on progress. Try not to cause damage during remodeling, but be prepared to pay for it if you do.