The owner has alot of equity in the building but the mortgage is sure to be above $160,000 so that would eliminate just the standard 'subject to'.

Water+Laminate don't mix..

They also have the option of spending their money and fixing the property to market standards, so they can maximize the sale price.

He sent me the statements from the school district, county, and borough wich includes trash, water and sewer statements.

Signed lease (on yours or 'standard' form?)

Please understand that this response is based on you NOT stating that there was a water leak, window leak, or some other obvious source of moisture.

If tenant brings it up however, I would explain that "after discussing the situation with your attorney, since no one was hurt and there was no property damage, replacing the defective appliance is all that's needed to bring the living space back into compliance with the high standards of safety that you strive for in all your units."

The water savings (especially if replacing a 5usg flush) will pay for the toilet in 2-4 years.

I also did the standard "buyer pays all closing costs" without even thinking.

After fees and commissions he would net about $200K to pay off the mortgage at a standard sale.