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