Major storms and natural disasters can cause extensive damage. As an owner of a rental property in Leander, it is crucial that you know your responsibilities if your resident’s personal property is damaged or destroyed.
Some property owners feel that because it is their property, they have the responsibility to fix everything. However, both renters and rental property owners have liabilities when it comes to damaged properties. Being able to identify which liabilities fall into whose hands is vital when overcoming the effects of a natural disaster.
For example, what if a tree on the rental property falls on and damages a resident’s car? Whose responsibility is it to cover the cost of repairs? In this case, the resident’s auto or renter’s insurance would pay for the cost of repairing the resident’s car.
Other types of damages can be caused by natural disasters like floods, wildfires, and tornadoes. If a natural disaster damages a rental property, it is the owner’s responsibility to make sure that the home is livable and, if it is not, cover the cost needed to repair it.
However, the resident’s personal property, including vehicles, and the costs of evacuation like transportation, alternative lodging, food, and other expenses are all the resident’s responsibility. If the property is restored back to a habitable state quickly, the resident may still be responsible for the terms of the lease and should have enough renter’s insurance to cover temporarily needing alternative housing.
At Real Property Management LoneStar, we help rental property owners like you know what your responsibilities are in the event of a natural disaster or another weather-related incident. No matter what nature causes, our quality property management services will help alleviate your anxieties about liability and ensure that your residents are shouldering their fair share of responsibility. Contact us online or call our Austin office at 512-520-9060 or our Dallas office at 972-949-2000 to find out more and discover what we can do for you.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.