Hi everyone,
I have a rental property, currently tenanted until end of June. Before the current tenants moved in, I requested some works to be done before re-leasing. The new tenants were desperate to move in, and I agreed on the premise that they would be ok with these works to be done while they are there. However, after asking the property manager several times, these works still have not been done. Some of these requests for back 4 years.
I don't plan on renewing the lease, so I will have access to the property right at the end of June, and I will perform/manage these repairs myself.
I need to replace:
Pergola (it's rotting, and I requested this to be replaced several times)
Oven (oven itself works, but the light does not, and there is smoke stains on the outside of the oven. Light is no longer available to replace)
Gas cooktop - (takes several attempts to light). I will also replace the rangehood with a stronger one.
The walls need repainting and a few taps need replacing.
I was planning on selling in a few years, but I'm now contemplating selling it sooner.
My question is, will any/all of these costs be able to be claimed as an expense for the rental, even if I decide to sell instead of re-lease?
And if this is the case, will all of these costs need to be incurred before the end of financial year (which only gives me 5 days after tenants vacating)
Thanks in advance :)
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