Who Pays for What After a Fire at an Apartment Complex?
Apartments are an essential part of lively communities. After all, these structures allow landlords to make money while providing tenants with a decent place to live. Of course, like all buildings, apartments are not immune from fire damage. After an apartment fire occurs, landlords and tenants in Hope,RI, often wonder who pays for what?
Analyzing Affected Areas
Fires have a way of affecting many parts of a building. While flames may destroy only part of the structure, smoke may infiltrate seemingly untouched areas. When analyzing damage, inspectors must consider the following:
- The entire apartment building
- Specific rental units
- Exterior landscaping
- Common areas
- Tenant belongings
Unlike private homes, apartment buildings have shared ownership. While the landlord owns the building itself, the tenant likely owns the furnishings and belongings inside the unit. When determining who is responsible for repairing or replacing damaged items, ownership is key. The landlord’s insurance policy probably covers fire damage to the structure. If the tenant does not have rental insurance, he or she must pay out of pocket for damage to personal belongings following an apartment fire.
Taking Care of Restoration
Many apartment fires are not a complete loss. Rather than bulldozing the apartment building, landlords may decide to work with a reputable fire-restoration service. When doing so, landlords usually pay cleanup costs that relate to the apartment, its flooring and its fixtures. The tenant, though, must pay restoration costs for personal belongings, clothing, keepsakes and furniture.
Whether you are a landlord or a tenant, you don’t want to go through an apartment fire. If, however, your rental unit sustains fire damage, you must know who is responsible for covering what expenses. By thinking about ownership and cleanup costs, you can better plan for disaster. You can also determine the sort of fire insurance you need to cover to protect your individual interests.