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Putting the Pieces Back Together after a Flood- Fast Home Help
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Water Damage Restoration & Clean Up Checklist- Texas A&M AgriLife
Updated from the blog post What to do For Uninsured, Flooded Rental Properties originally published on September 6, 2017.
Damage to rental properties and vacation homes are not eligible for FEMA's disaster assistance program. Here are some options available for landlords with damaged rentals:
According to North Carolina Landlord and Tenant Duties ss 42-43, tenants will "be responsible for all damage, defacement, or removal of any property inside a dwelling unit in the tenant's exclusive control unless the damage, defacement or removal, was due to ordinary wear and tear, acts of the landlord or the landlord's agent, defective products supplied or repairs authorized by the landlord, acts of third parties not invitees of the tenant, or natural forces."
According to ss 42-42, landlords will "make all repairs and do whatever is necessary to put and keep the premises in a fit and habitable condition and "keep all common areas of the premises in safe condition."
A month has passed since Hurricanes Harvey and Irma wreaked havoc along several coastal states. Among all the other uncertainties that have come with these tragic events, many investors are wondering...Read more