Posted May 30, 2019 05:32:20 The rental industry has long been a source of concern for landlords and tenants.
A landlord can’t be held responsible for repairs, even if the tenant did not pay for the vehicle.
Now, the rental industry is changing its ways to prevent renters from being left in the lurch.
The new rules say that if a rental car is stolen, the landlord cannot be held liable for the damage, but if it is not stolen, it must give the vehicle back to the owner.
“If the car is returned, the rent owed is reimbursed to the renter,” the new rule says.
“This is the first time this rule has been implemented in the rental housing industry.”
The rental business has long used these rules as an incentive to increase rental rates, but the rule was intended to make sure the landlord can provide an opportunity for repairs.
The rental system, which is often characterized as a “marketplace,” is in flux.
Many landlords are looking to increase rents and make money off the rental unit, even though many renters have other priorities in their lives.
While a tenant may be frustrated by the rental property, a landlord may be more interested in getting paid for repairs and keeping their tenants in the apartment.
The landlord could then claim they had the opportunity to repair the car, and that they did not.
Under the new rules, a rental property can be returned only if the car was stolen, or if the landlord provided an opportunity to fix the car.
If the car cannot be returned, then the landlord would be liable for damage, and the renters would be required to pay the full amount of rent.
This is important, since many rental properties have a low deposit on a car, making the renvers pay for repairs in full.
A rental property is typically the most expensive part of the rental agreement, and this can have a significant impact on the overall cost of the unit.
If a renter is upset about a rental unit being returned, it is often because they were not told about the return.
If they were, the tenant would likely have to move out of the apartment, leaving them without a home and with no income.
A renter may also be upset about being forced to pay more than the original rent.
For example, a tenant with a fixed deposit may be paying $800 per month on a two-bedroom apartment, and if the rencer returns the property, they may owe $1,400 to the landlord.
If an eviction occurs due to a landlord failing to provide adequate repairs, a rencer can still claim the property is returned and must pay rent in full, regardless of whether the landlord actually repaired the car in question.
This provision was intended, in part, to protect renters, because it will give them an opportunity of repair, as opposed to a loss of their rental unit.
“It’s a very complicated situation,” said David Wahlgren, a senior vice president of the National Association of Realtors.
“There’s a lot of litigation involved.”
The change has been in the works for several years, but there have been some initial reactions.
The National Association for the Advancement of Colored People said it was pleased to see the rule is now more consistent with federal housing law.
“For the past several years the rental market has been subject to the whims of landlords who seek to maximize profits by keeping their properties as cheap as possible,” said Natalie Toth, president of NAACP.
“A change in the rules to clarify the requirements of rental property return will give renters an opportunity, and not just a financial incentive, to repair their rental properties.”
A few rental landlords say they will continue to offer incentives to their tenants to repair cars.
“We understand that there is a real concern from the public and from renters, especially renters with kids and pets,” said Mike Stromberg, executive director of the Washington, D.C.-based National Association For Homeownership.
“I think it’s important to recognize that there are situations where the landlord may have an obligation to provide a rental vehicle to a tenant in the event of a property theft.
And this provision in the rule has made it clear that that obligation is going to be there.”
The rule will go into effect on April 10, 2020.