Asked by Deadly Business on Oct 01, 2024
Tanya,a tenant,gave Lou,her landlord,a $1,000 security deposit when she moved in.When she moved out four years later,Lou withheld $500 from Tanya's deposit because the carpet was 50% worn out.This was the only damage in the apartment.The carpet has a normal useful life of eight years,and it costs $1,000.How much of the security deposit was Lou entitled to withhold?
A) $500,because wear and tear is the responsibility of the tenant.
B) Nothing;Tanya should replace the carpet before moving out.
C) Nothing,because the wear and tear here was ordinary and reasonable.
D) The entire value of the carpet,i.e. ,$1,000.
Ordinary Wear
The natural and expected deterioration of an item over time due to normal and reasonable use.
Security Deposit
A sum of money held in trust as protection against potential damage or default, typically paid by a tenant to a landlord.
- Acknowledge the outcomes resulting from a landlord's failure to maintain property safety and habitability.
- Distinguish the responsibilities and entitlements of property owners and renters in terms of maintaining and fixing the property.
Learning Objectives
- Acknowledge the outcomes resulting from a landlord's failure to maintain property safety and habitability.
- Distinguish the responsibilities and entitlements of property owners and renters in terms of maintaining and fixing the property.