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Updated almost 7 years ago,
How to handle tenants during construction
Hi all,
Wondering what is an appropriate way to handle tenants during construction. I am hitting the 3rd floor and have tenants on the 1st and 2nd floor. I had planned on giving $100 off the rent but after 2 days of demo and one more to go, I realize that it’s going to take more than that. I am considering a greater discount off the $1500 rent, trying to work out a per diem amount for the “bad days”, or putting tenants up in a hotel.
I appreciate any and all thoughts.
Thanks!