Wednesday, February 1, 2012

Landlord tenant question ???

Our landlord is also our friend...and we would like to do some improvements, such as adding mulch, flowers and other landscape work that we are willing to do. Is it proper to ask for financial re-imbursement on these projects, just for materials ? We truly dont want to offend, but nowadays money is tight and the rent is $1150.00 per month plus utilities. I do the mowing in summer and snow removal in winter.

Landlord tenant question ???
It's totally appropriate, and a common practice.

Don't let the friendship get in the way of good business practices! Just say something like, "Hey, we'd like to make some upgrades on the property, may we deduct the cost of supplies from the rent?" Then you discuss what your idea is, what you'd like deducted, what work you'll do, and what the resulting improvements would look like (and provide receipts!).

Sounds good. Good luck.
Reply:Talk to te landlord, and your request seems to be very reasonable the materials and improvements will be a "Win Win" for the both of you.



Money can also be tight for the landlord with many increased cost such as taxes, insurance, variable interest and utiltities.



If your doing the mowing and snow removal this is a major plus and personally I would opt to compensate you a fixed amount that the both of you can agree on.



Good luck
Reply:I would go to him as a friend and let him know of such improvements that you think would help the property. I wouldn't go and demand money because after all-you think it needs improving but at the same time, you pay rent and are entitled to live in a nice looking place. Suggest that you go in half.
Reply:As a landlord myself, I might not like your planned "improvements" or I might not trust that you will do a good job, but I would never be insulted that you wanted permission to paint or landscape. I might not give you permission, but if it sounded good to me I might be willing to pay for the supplies. (like if a couple of fence panels needed to be replaced).
Reply:If you are doing something that will improve the value of the property then it's fair to ask the landlord if he/she will pay for the supplies. Ask first, in case he/she says no. If you are putting in flowers that will only live through the summer then you should pay for those yourself.
Reply:I've rented from friends and family many times in the past and find it quite customary to supply the labor if they supply the materials. If they are hesitant, show them how the improvements will benefit them in property values and added equity.

barber

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