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Posted by Mark Bole on March 27, 2008, 8:41 pm
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AES wrote:
> Recently Norwegian roof rats in garage ate the cruise control wiring
and
> hoses on our auto, and did similar damage to the (considerable more
> expensive) car of one of the tenants, who pays a bit extra to park in
> our garage (nasty beasts!).
[...]
> Anyone think that's also a deductible cost (pro rata or in full)?
> "Repairs" associated with rental of her unit? Casualty loss? Good will
> business cost? Some other label?
Damage to the tenant's car certainly isn't a casualty loss to you.
Did anyone file an insurance claim? Is a reimbursement paid or pending?
Call it a reduction in rental income (rebate) due to reduced usability
of rental property. A similar situation that I've seen is a reduced
rent to a tenant during a real estate listing, to enlist the tenant's
cooperation in the showing and eventual sale of the property.
-Mark Bole
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