Registered: 1506374751 Posts: 1
Reply with quote #1
I'm taking $1000 from my previous tenant's security deposit because he didn't not leave the walls like they were when he moved in (needs to be painted). My new tenant is moving in quickly, and there will not be time for me to paint in a vacant apartment. I would like to give the new tenant $1000 credit towards painting, but would like them to sign a paper stating that they received the $1000 towards painting the apartment. What exactly do you think this paper should state?
Registered: 1472494503 Posts: 186
Reply with quote #2
I would say something along the lines of:
"I, [tenant's name], have received a $1,000 credit (reduction in rent) in exchange for painting the apartment at [address] within 30 days of [date of signing]. This will cover materials and labor. If I do not paint the entire apartment as agreed by this date, I forfeit this credit and must it back with the following month's rent payment." Will this be enough? Isn't it your job to paint? Shouldn't you just pay a company to get in there asap, even if it means painting around the first load of stuff they bring? A good company should only need a day or two to paint the place. I would get them in as soon as the last tenant is out, even if this means the new tenant has to wait a day or two and you pro-rate their rent accordingly. In my experience, having tenants do work never ends up working out. They don't do a good job, they want more money for the time and every little supply, etc. In the end, it ends up lose-lose and leaves them with a bad taste, right at the beginning of your relationship. You have to remember, one of the benefits of renting is that you don't have to do all of this type of maintenance. You are giving them credit, but still. Just be cautious.
Registered: 1487987694 Posts: 41
Reply with quote #3
This is a bad idea in my opinion.
Did you show the apartment "as is" or did you leave them with the impression that it would be painted? They are not going to hire a professional and you are not going to be happy with the paint job. At the end of their lease, you are going to want to charge them to repaint and so on... Take the security deposit and have the unit professionally painted before they move in. Everyone will be happier this way.
By the way - how bad were the walls from the previous tenant that this would qualify as damage versus normal wear and tear? Are you certain your previous tenant won't be contesting the deduction?
__________________ Domenick | AccidentalRental - A profitable resource for new landlords