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Updated over 2 years ago,
Reimbursing Tenants a Portion of deposit (Repair bill was more)
Thanks in advance for all who take the time responding to my question. I purchased a property with student tenants. I agreed with the seller that the current tenant could remain in the home since they only had a few months remaining on their lease and it was rental income to me. A couple weeks before the tenants moved out, they reached and stated all the damages in the apartment was not their fault.
I understood they had a roommate several months before the sale was made but within the lease year.
I had the unit repaired and decided that charging them 60% of the repair bill is fair.
Does anyone think this is a reasonable solution or has anyone experience a similar situation? If so how did you handle it?
Thanks Again