Provide Two Examples of Ordinary Wear and Tear for Which

question 54

Essay

Provide two examples of ordinary wear and tear for which a landlord could not deduct from a cleaning deposit. Provide two examples of damages from which a landlord could deduct from a  cleaning deposit. How would you advise the landlord to present the cleaning deposit in the lease arrangement How would you advise the landlord to handle the deposit at the close of the tenancy?​

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Definitions:

Absolute Change

The difference between the final value and the initial value of a quantity, without regard to the direction of change.

Price Level

A summary average of current prices for the full spectrum of goods and services in the economy.

Consumer Price Index

An index of the variation in prices paid by typical consumers for retail goods and other items.

GDP Deflator

A measure of the price level of all domestically produced goods and services in an economy, used to adjust nominal GDP to real GDP.