Business
What the heck is normal (or ordinary) wear and tear? This term is used in many of our states where we practice property management and is often the cause of misinterpretation, conflict, and disputes. In today's Five Minute Friday, Bob describes his "common sense" rule as it applies to determining what is normal wear and tear or what otherwise might be considered damage. This topic is of course hugely important when determining charges to a security deposit when a tenant moves out at the termination of their lease agreement. By definition, in the State of California and according the HUD, the security deposit cannot be charged for repairing property defects or deterioration caused by normal daily life at the property. Bob offers some common sense examples and refers to a HUD document, pages 55 and 56, which can be found at this link: https://www.hud.gov/sites/documents/HSG-06-01GHBGUID.PDF This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TunedIn, iHeart Radio and YouTube.