Wear and tear is a phrase you’ve probably heard before. But what does it mean in the context of property management, and why is it important to know about? Take a look at this handy guide to learn more!
What is property wear and tear?
People use the phrase wear and tear to describe expected deterioration in the condition of the property due to normal use. For an individual unit, that might mean things like fading colors or finishings, worn door hinges, or loose or dirty tile grout. These are things that would always occur no matter who lived there or how well they cared for the apartment.
How is wear and tear different from property damage?
In contrast to wear and tear, which is expected to happen in the apartment no matter what, property damage that shouldn’t be expected to occur through simple normal use. Relatively common examples of property damage in a unit are things like broken windows, missing or severely bent bathroom fixtures, or burned or badly stained carpet or floors.
Why is the distinction between wear and tear and property damage important?
The main reason to have a good understanding of the difference is related to financial responsibility. Wear and tear isn’t the resident’s fault — it’s nobody’s fault, really — so it’s not reasonable to ask them to bear financial responsibility for it. In the case of property damage caused by a resident’s abuse or neglect, however, a property manager or landlord has the right to hold the resident financially responsible and collect repair or replacement costs from them by fines or deductions from the resident’s security deposit.
How can I make sure my residents understand their responsibilities?
A walk-through inspection is the simplest way to make sure your and your residents are on the same page about what’s wear and tear, what’s property damage, what’s been caused by the resident, and what hasn’t. Walk through the unit with the resident at move-in and again at move-out and discuss the condition of the unit in detail. Use the move-in walkthrough to make sure everyone agrees on the state of the unit before the resident has lived there, and use the move-out walkthrough to make sure everyone sees eye-to-eye regarding any decline in the unit’s condition and who will be financially responsible for repairs. By doing this, you and your residents can both be clear about your thinking and avoid later confusion and disputes.
Simplify the move-in and move-out processes by utilizing inspection checklists. Lucky for ManageGo users, we’ve already got these for you, so nothing goes unnoticed!
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