Monday, August 26, 2013

Odd Capital Improvement Approach

My brother Jeff and I went apartment hunting today.  We found some nice places, but they weren't really handicap accessible.  I thought such places had to be accessible nowadays, but Jeff tells me the way the law works is that a renter can file papers to put in needed improvements at his own expense.

Why should a renter who has no equity in a property be expected to make capital improvements in a property just so he can live there?  That unjustly takes money from the renter-- he has no ownership stake in the property after paying for a permanent improvement-- and unjustly enriches a property owner who failed to make the investment.

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