State law...... - Landlord Forum thread 186310

State law...... by Tex on September 6, 2009 @22:47

State laws will usually provide for a repair of damage and not a share of the new cost. Has the landlord acquired an estimate for damages? The IRS depreciation is not what should be used if one is determining replacement cost over time. The useful life of a refrigerator is more like 20 years or more.

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Re: State law...... by Anonymous on September 7, 2009 @00:31	[ Reply ]

Tell that to the IRS when they audit you.

The IRS... by Tex on September 7, 2009 @09:55	[ Reply ]

Why would the IRS care if you used a depreciation schedule that did not over reach theirs?

Re: The IRS... by Anonymous on September 7, 2009 @10:26	[ Reply ]

Go ahead. Ask them why you didn't use the depreciation tables they set forth.

Re: State law...... by PAT (MISSOURI) on September 7, 2009 @05:49	[ Reply ]

No, I haven't. I will get an estimate for the damages at the expense of the tenant.

Get an...... by Tex on September 7, 2009 @09:59	[ Reply ]

Get an estimate of the repairs. Then ask the estimator the value of the refrigerator, undamaged but the same age. Use the smaller of these two numbers to bill the tenant.

Re: Get an...... by Anonymous on September 7, 2009 @10:28	[ Reply ]

You can only use the damages/repair estimate IF you have the repairs done. You can't bill for repairs and not do them. You can only bill for the value if you no longer use the appliance. And you can't bill for a ruined appliance and still use it. If you do, it isn't ruined.