Torn Out Carpet: Will It Prevent Refinance? Tenant Rights and Landlord Responsibilities
Torn or damaged carpets can hinder refinancing. Lenders may see them as safety hazards and liabilities. They expect properties to be well-maintained. A torn carpet can lower the property’s value. To ensure eligibility for refinancing, address carpet repair or replacement before the appraisal. Tenant rights play a crucial role in this scenario. Tenants deserve a … Read more