My mistake - looking for solutions

[Adam Hurst]

Backstory - bought a property in which the owner left behind all appliances. They left a washer and dryer combo. I never supply washer and dryers as I know the issues that can come up with these appliances. My intention was to adjust this on the lease and say that they were left, but I would not be responsible for them. I made a mistake and forgot when drafting my lease. Of course, 2 months into the lease the washer and dryer combo is down and beyond repair. The lease binds me to replace which I will do. I tried to pitch the idea of them buying units and me providing a rebate for doing so, but they want me to purchase units. Ok, I am big enough to know I made the mistake (losing 3 months cashflow) and they I need to replace. My next question is, when the lease is up and if they renew, can I renegotiate the terms of the lease? Can I pull the units from the house and have them provide them for themselves? I do not want to be stuck servicing washers and dryers. BTW - lesson learned.

[Michele Fischer]

If I were you I would buy replacements from a used appliance store.

When the lease is up for renewal I would add and explain that you are gifting them the appliances but are no longer responsible for them.  You could sell them for some money, but it isn't worth the hassle and loss of goodwill.

This may feel like a big deal as a new landlord, but it is par for the course and there should be a repair and replacement fund to handle such unplanned expenses.  It's not all cash flow, there is appreciaiton and paying down the mortgage to own a property free and clear as well, so keep it in perspective.