Reply: Do you ever issue rent credits for no heat?

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Rent credits are usually issued to make the resident "whole" so this would mean they had to live elsewhere until the heat was fixed. If the resident has renters insurance, renters insurance may pay for motel stays if the apartment home is not habitable. Therefore, you would have no need to issue any rent credits in that case. If insurance is not required and most residents don't have coverage, and the apartments are not habitable due to no fault of their own, as a good will gesture, your company can issue rent credits as long as a receipt is received for the lodging expense (with the total expense capped at a certain amount.) Those who go stay at Mom's house would not be reimbursed since they aren't out any money. It can become a PR nightmare though for residents to go without heat for an extended period of time, so you need to mitigate that as soon as possible, in my opinion.
Posted 5 years 10 months ago
Melissa Aelvoet
If it’s on going or out for a long period of time because maybe parts or whatever it may be then I do. It’s all about customer service and caring for your residents. With in reason of course. Nothing crazy.
Posted 5 years 10 months ago
Lee Tifani
No. Fix it.
Posted 5 years 10 months ago
Lauren Orsi
How long have they been affected? What’s the temperature? What was the cause of the issue?
Posted 5 years 10 months ago
Caitlynne Bailey
We don’t reimburse for hvac..
Posted 5 years 10 months ago
Brian Lauro
Thanks, Colin. We do as well. Right now only one is asking for a credit but 24 units were affected. We all know how that goes ; once you give one credit, everyone starts knocking on the door.
Posted 5 years 10 months ago