Supplying Appliances in Rental Properties
August 23, 2018 at 5:00 PM
When renting a property, appliances like air-conditioners, gas heaters, dishwashers and sometimes fridges can be made available for use by tenants. Should these appliances be supplied, we have covered off some simple rules that need to be understood as to avoid any surprises later on.
Repairing/Replacing the appliance.Should an appliance break down, it will need to be repaired or replaced as soon as possible. Failing to do so can result in compensation being owed to the tenant.
Sometimes a property is supplied with an appliance that may not be in the best of repair (like a dishwasher). The owner might instruct that the tenants can use it but if it breaks down, it won’t be replaced. This statement does come across as generous or as a bonus to the tenant, however whatever is supplied for tenancy must be repaired or replaced should it break down! Therefore if it is supplied, it must be there as a permanent appliance.
Also ensure that you have arranged a Tax Depreciation report to ensure you get not only the best tax depreciation deductions on your appliances, but also on the rest of the property and fixtures.
If you need help managing your property and finding new tenants or you have any questions about Residential Rentals property management, please do not hesitate to contact us at Residential Rentals Ltd.