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Updated over 6 years ago on . Most recent reply
The $100 repair deductible paid by tenant - good or bad?
I have been noticing a growing trend in my local market in Virginia. Tenants are required by their lease to pay a $100 deductible per repair to the property. My gut tells me this is a bad idea and would lead to property neglect by the tenants. But it's tempting to offset costs and reduce maintenance requests, especially for nit-picky items. It's also possible that the deductible would encourage tenants to take proactive care of the home. However, I generally have noticed that the majority of my repairs over time have been due to general aging and use - not to neglect and misuse.
So I'm curious to hear from other landlords...any good or bad input on maintenance deductibles? Yay or nay? Any good or bad experiences with them?
Most Popular Reply
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- Investor
- Greer, SC
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I agree that this is a bad idea and I would not do it. No tenant is going to tell you when you have a leak under the sink when they have to pay $100. Then that leak is going to do damage that could have been avoided. If they tell you now or you find out a year later after a $1000 repair it costs the tenant the same.
I want to know when there is a problem so I can fix it immediately.