Burst pipe in rented condo (HOA)
Tried to keep my title concise. There was a burst pipe in our rented condo. Some flooding happened in bedroom, hallway, some living room and HOA is trying to figure out where leak originated by putting holes in walls in hallway/bedroom. The place is livable, a mess, but livable. What do I do in this situation as a landlord? Do you knock off money on rent? Give them an allowance on how much they can spend on a hotel for a temporary living situation? This is my first time dealing with an ordeal to this extent, so any help or advice is much appreciated.
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I had a similar situation. Contact your insurance agent. I got insurance to cover floor replacement. I also went in and took care of the work myself to cut the time frame and my tenant didn’t have to move out. Hopefully your insurance policy covers loss of rents. You might be able to get compensated for reimbursing a tenant for loss of use.
- William Lokar