My lease says if renters insurance lapses, added rent of $250 covering insurance would have been assessed. 

If so, a case can be made that the contract lapsed and is no longer binding or in effect (and, accordingly, you may have a claim for your EMD). 

I have had employment since I was 15 i have all the records(kindve particular when keeping paperwork lol) with no lapse and just a little over a year at my current job.

Or you can make great time-lapses on your own using a digital SLR camera, an SD card, and an intervalometer.

To manage all these projects I am using the time lapse videos to keep an eye on them.

I let the original agreement lapse after three renewals, due to initial difficulty in getting the finances together.

I have chosen to let my license lapse as the liability is greater than the current value to me.Mark

Typically that fee is not reduced if the 180 days lapse.    

If Tenant fails to procure the required insurance, allows such insurance to be cancelled or to lapse, or fails to timely provide the required certificates of insurance, the same shall be a Default of this LeaseThis is requiring the Tennant to have renters insurance, should you force all of your tenants to have renters insurance?

Is the CAP Rate for the complex 12.06% and brings the property $70k NOI, then we make following.VALUE = NOI x CAP ($844k = $70k x 12.06)Is the area involved with 8.5%, the calc would be ($595k = $70k x 8.5), so the value only $595k for the propertie (undervalued).Maybe I have a lapse now, but its important to correct this for my calculations in the US.