Posts Tagged ‘Accidental Damage’

Accidental, Malicious, Deliberate damage or Wear & Tear – What is the difference?

 

A common query our Property Managers often hear from Landlords and Tenants is…

“What is accidental damage and how is this different to malicious damage, deliberate damage and/or wear and tear?”

From an insurance perspective, it is defined as per below:

Accidental Damage: An unexpected or sudden loss. This is generally something that is an accident and not planned or intentional. Examples include spills on … Read the full post »

Our Top 10 Investor Blog Posts of 2016

We continue to be amazed at the amount of unique visitors to our blog posts, including the old posts that range all the way back to 2010/2011.

Here is the list of the top blog posts for 2016:

10. Six capital gains and depreciation facts for property investors

9. Tips to secure yourself a rental property

8. Strata Schemes – Part 4… Read the full post »

Property damage insurance claims surge

The frequency of property damage claims – both malicious and accidental – has surged by as much as 46 per cent in the past 12 months, according to a landlord insurance company.

“These figures challenge the stereotypes that exist in relation to rental property damage,” Terri Scheer Insurance manager Carolyn Majda said.

“There is a widely-held misconception that good tenants won’t cause damage. The figures show that this is far from true.”

The … Read the full post »

Accidental Damage vs. Wear & Tear

A common query we often hear from people including Landlords and Tenants is “What is accidental damage and how is this different to malicious damage, deliberate damage and/or Wear and Tear?”. 
This is a great question! 

In the marketplace, some Landlords have unrealistic expectations that their property will remain in exactly the same condition at the end of the lease as … Read the full post »

The difference between Accidental Damage & Wear & Tear

Accidental Damage & Wear & Tear: Some landlords have unrealistic expectations that their property will remain in exactly the same condition at the end of the lease as when tenants first move in.

The reality is though, that wear and tear on a rental property will occur over time. Landlords should expect a level of wear and tear on their rental property while it is being tenanted.
It is important to understand … Read the full post »