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Updated over 3 years ago on . Most recent reply
My Rental Property Flooded
Looking for advice.... My rental property flooded. The toilet (feeder line) broke on the 2nd floor while the tenant was not home and did quite a bit of damage. The unit needs all new flooring/carpet,Sheetrock (walls/ceiling) , tile, base boards, paint, etc. In the current enviroment, it is tough to find labor and I expect this project will take 2 months to get all the materials and labor. The tenant still has 7 months on their lease. They are wanting to try and stay duing the renovation, yet I do not think it is a good idea. Can I terminate the lease?...Any other options? My insurance will cover lost rent.
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#1 Contractors Contributor
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Do NOT mention mold! You'll open a can of worms (possibly) that the tenant could run with.....