Illegal nature of MCI rent increases: A landlord gets to choose the vendor, the type of job/work, gets the tax breaks, and benefits from the increase in property value but gets to charge the renter an increase forever!
Question: Say I'm in a condo association with cast iron plumbing that is deteriorating under the slab. The HOA has had to repair pipes already and their inspections show that failures might occur randomly again at any time. Would having the entire sewer pipe system under the slab be considered a capital improvement or a repair? Is preventive maintenance considered a maintenance matter or a capital improvement matter?
Illegal nature of MCI rent increases: A landlord gets to choose the vendor, the type of job/work, gets the tax breaks, and benefits from the increase in property value but gets to charge the renter an increase forever!
Question: Say I'm in a condo association with cast iron plumbing that is deteriorating under the slab. The HOA has had to repair pipes already and their inspections show that failures might occur randomly again at any time. Would having the entire sewer pipe system under the slab be considered a capital improvement or a repair? Is preventive maintenance considered a maintenance matter or a capital improvement matter?