I am a 21 year old student studying Mechanical Engineering.

Failure to pay the fee is a material breach of the lease.Have some information in your file about how you arrived at the amount of the fee, demonstrating the difficulty of determining the actual administrative cost (in addition to interest).

The mechanics of the deal?

Yet a would be tenant is not going to be able to repair it if there are serious mechanical issue and it can be a issue in no time or down the line.

Ok what about people that have been dismissed for failure to make on time payments and they have mortgages?

Nathan - when I say "Gut" I don't mean "Tear out drywall and work on the mechanicals, then put the drywall back in"...I mean major framing work, dealing with structural walls having to be torn out/rebuilt/moved, moving around the foundation load points... major structural alterations.

Failure to do this can result in double or triple damages.

One side is month to month the other is on contract till next yearMost of mechanicals are goodCondo park is non conforming and it will be in an llc partnership.

(And I'm talking a real tool, say, a $600 compound mitre saw, not a screwdriver.)What is the mechanism, basically, to depreciate/expense these tools in a year prior to placing your property in-service? 

However, it was before the auction process, so the mechanics were different.