Generally speaking,the landlord,who is also the homeowner,will be responsible for hiring a foundation repair company and paying for the repair. Under most circumstances,tenants are only liable for damages they cause,andfoundation issues are rarely their responsibility. However,there are a few exceptions to this rule of thumb.
People also ask
Should you buy a home with foundation issues?
If you agree to buy a home after foundation issues have already been detected and documented, you are assuming the responsibility (and cost) of addressing those issues. You cannot later try to hold the previous owner accountable.
What happens if you don’t have a foundation?
A home’s foundation is as essential as it sounds. Without a proper foundation, a variety of structural issues can plague a home that could end up costing you scads of cash to repair.
Should you hire a contractor to repair your foundation?
Once the foundation is repaired, you檒l either have to live with these issues or fix them, which, if you hire a contractor, will be costly depending on the extent of the damage. Foundation issues are no minor thing; however, in the majority of cases, the issue can be fixed (although the cost will vary).
Do structural foundation issues affect a home resale value?
Here are a few of the different ways in which structural foundation issues typically affect a home resale value: 1. Repair Costs Let begin with repair costs. If the structural damage is serious in nature, someone is going to have to repair the foundation.