Hi
I am looking at a tenancy agreement for a condo. I appreciate that these TA for expat condos are drafted very much in landlord's favour but one clause which I am told is "market standard" seems ridiculous. It relates to the minor repairs covenants which is set at $150. I don't have a problem with not being able to ask the LL to repair items of a value below $150 but even if the repairs exceed that amount, I have to pay the first $150 which is ridiculous. So if the shower or cooker stops functioning through wear and tear (and the property is 8 years old), they I have to part fund the repairs even though caused by no fault of mine. So basically, I am in effect indemnifying the LL for all wear and tear repairs for 2 years!
I am a lawyer so have heard the "market standard" many times argument before and tend to ignore it. However, it would be good to know if others have had to sign up to something similar.
Thanks