Re: Tenant Proof of Income - Landlord Forum thread 348424

Re: Tenant Proof of Income by Anonymous on September 15, 2016 @21:04

"We worked out an installment agreement on paper."

"Am I not within my legal right to have their current proof of income?"

No, you have no 'legal right' to this information.

This is a very strange situation. If the tenant was responsible for the fire damage, why is this being covered by your insurance in a way that your deductible needs to be paid?

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Re: Tenant Proof of Income by Garry on September 16, 2016 @12:51	[ Reply ]

To answer your question, the LL carries fire insurance protection, with a deductible. The LL's ins. will pay to repair the fire damage (less the LLs deductible) regardless of who is at fault. If the tenant was at fault, both the Ins. comp. and the LL can sue the T for any out-of-pocket costs to repair the damage. If the T had renters ins., the LL and his ins. comp. can sue the renters ins. comp. But if there is no renters ins., and the renter has no significant assets to go after, both the LL and his ins. comp will be out of luck in collecting any money towards their monetary loss.

Re: Tenant Proof of Income by Neil (California) on September 16, 2016 @13:28	[ Reply ]

Thanks for replying. The fire damage was over $10K which my insurance will cover all but my deductible. Tenant doesn't have renters insurance and can't afford to pay the entire damage and repair. But was agreement in paying my deductible in installments over a period of time. But your saying I should take the loss out of pocket and pay my deductible rather than my tenant pay it?