Making improvements to a commercial property is usually part of the lease agreement, but making fixed upgrades to a residential property is different.
There are actually benefits to this type of plan if it involves technology or vehicles, but there are pitfalls as well.
It’s a common problem for many apartment dwellers. How do you kick out a crummy roommate?
“Currently, there are no leased minivans or cargo vans in the fleet,” the ad says, but “presently, there are not sufficient capital funds to purchase new equipment.”
With an estimated 30,000 apartment buildings in foreclosure, many tenants who have been paying their rent regularly find their housing in jeopardy – but there are limited protections.
A landlord can’t charge you for normal wear and tear – changes that are naturally recurring regardless of how well you took care of the place – but the cost of major repairs resulting from damage you caused may be deducted for your deposit.