Who pays for damages to a rental property: The renter or the homeowner/landlord?
That’s a good question.
We’ve been working in Metro Detroit real estate for quite some time, and we’ve seen a lot of disputes between renters and landlords about who should pay for damages to a property.
The truth is that it really depends on the situation.
Here are some costs that the renter typically is NOT responsible for:
- Property taxes
- Home maintenance
- Mortgage interest
- Home insurance
- Real estate & legal fees
- Landscaping & lawn care
- Homeowners Association (HOA) fees
Now, there are a few caveats.
First, home maintenance refers to normal wear and tear on the house — for instance, the water heater stops working and needs to be replaced, or the plumbing starts leaking and causes water damage. The homeowner should pay for those problems.
However, if the renter causes damage to the home directly — for example, from their pets, putting holes in the walls, breaking windows, etc. — then the renter will be expected to pay for those damages.
It’s important to note that renters can get renter’s insurance to cover liability damages — so if the renter is blamed for damages to the property, the policy will help protect them. Renter’s insurance is typically very affordable and we think it’s worth it! It also covers the renter’s property inside the residence in case of fire, theft, or other damage/loss.
Ultimately — whether you’re a landlord or a renter — it’s best to work with people you trust and who you know will be honest about paying damages to the home when it’s required.
We hope that helps give you a better understanding of the renter/landlord relationship!
If you’re over being a landlord or if you know anyone who wants to sell their Michigan home as-is — no matter who caused what damage — for cash, give Mitten Made Properties a call at (248) 883-3340. We can make a fair cash offer in 48 hours and close in as little as two weeks!