Accidents happen and a common misconception is that the homeowner or landlord’s insurance policy will cover the tenant. A landlord’s coverage likely only cover the building structure only.
Protect yourself and your belongings by understanding Renter’s insurance and it’s components.
Contact your preferred insurance agent or provided for details.
We will require proof of a policy at a minimum of $100,000 liability coverage and Hallmark Residential Property Management, LLC. named as an “interested party” in order to obtain keys on the move in date.
This is a great question and the answer to it depends on the situation at hand.
Many tenants believe that landlords are responsible for paying the cost of all repairs, but tenants must foot the bill in some instances. Paragraph 18D(2) of the TAR Residential Lease specifies the circumstances where the tenant is responsible for the cost of repairs.
Paragraph 18D(2)e also specifies that landlords are not required to pay for cosmetic repairs that do not affect the use of the item. Finally, the paragraph provides a blank to list additional items the landlord wants to specify as the responsibility of the tenant if those items require repairs.