Common use of Normal Wear and Tear Clause in Contracts

Normal Wear and Tear. Owner understands that some “wear and tear” expenses will occur and that these costs cannot be charged to a Tenant. Owner will bear these expenses. Upon renting, the law recognizes the property as a business and requires Owner to expect some expenses for cleaning and maintenance as “normal wear and tear” while operating a rental property. Whether an item is “wear and tear” or “damage” will fall under the sole discretion of the Broker. (see Appendix A for examples of Normal Wear and Tear vs Damage, see Appendix B for Life Expectancy Chart)

Appears in 4 contracts

Samples: Property Management & Real Estate, Property Management and Leasing Agreement, Property Management & Real Estate

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!