Hi All
Our tenant has just requested, through our Property Manager, permission to install a security system at her expense.
On the face of it this seems a good idea but I suspect there may be issues around this and would be interested in any advise/cautions regarding this that any of you may be able to share. E.g.
• As this is likely to be a fixed unit it would technically be a chattel. Would this therefore become our responsibility for insurance purposes?
• What if the tenant was to move on. Should they be required to remove the system or would we have the option to purchase the unit at a depreciated value and should such an agreement be in writing from the outset?
• Would the tenant be obliged to provide us (the landlord) and the Property Managers with the access code or just the Property Managers?
Any advice our personal experiences would be greatly appreciated
Regards Timo
Our tenant has just requested, through our Property Manager, permission to install a security system at her expense.
On the face of it this seems a good idea but I suspect there may be issues around this and would be interested in any advise/cautions regarding this that any of you may be able to share. E.g.
• As this is likely to be a fixed unit it would technically be a chattel. Would this therefore become our responsibility for insurance purposes?
• What if the tenant was to move on. Should they be required to remove the system or would we have the option to purchase the unit at a depreciated value and should such an agreement be in writing from the outset?
• Would the tenant be obliged to provide us (the landlord) and the Property Managers with the access code or just the Property Managers?
Any advice our personal experiences would be greatly appreciated
Regards Timo
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