Prorated Carpet Replacement
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Calculating the actual cost of carpet damage.
Prorated carpet replacement. One common method of calculating the deduction for replacement prorates the total cost of replacement so that the tenant pays only for the remaining useful life of the carpet the tenant has damaged or destroyed. One common method of calculating the deduction for replacement prorates the total cost of replacement so the tenant pays only for the remaining useful life of the carpet the tenant has damaged or destroyed. Deduct 75 of cost to replace with same material. However if the carpet was not new the use from prior occupants should also be included in the depreciation calculation.
Replacement with different material. If the carpet in a rental unit is damaged and must be replaced the damage the tenant is responsible for must be prorated appropriately. For example in a 1 000 square foot home carpet removal costs will range from 350 to 2 000. Replacement with same material deduct 75 of cost from deposit.
To best calculate your overall carpet replacement cost let s take a look at your key expenses. In indiana judges place a 6 year life expectancy on carpet. Four tenants rent an apartment at the jigger in stumble out apartment complex. As an example consider the following.
The best you can do in this case is charge them for repair which is usually difficult to estimate. Deduct the prorated cost from deposit and. The average cost of carpet removal ranges between 50 cents to 2 per square foot. Definition of prorate to divide or distribute a sum of money proportionately.
Then you prorate it with what is left. If a landlord is entitled to any recovery it will be the replacement cost for rooms actually damaged minus the depreciated value that takes into account the number of years the ruined carpet had been in use. You need the previous carpet bill to show the age and pictures to show the carpet condition at replacement. You would need to have a professional give you an estimate of repair.
We use a 7 year calculation and the resident moved out after seven years.
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