Real Estate

Third Party Claims Surrounding Repairs

  • Last Updated:
  • Feb 7th, 2021 5:07 pm
[OP]
Deal Expert
Feb 24, 2018
17939 posts
20132 upvotes

Third Party Claims Surrounding Repairs

I thought I'd pose a question to the group here.

There's a real estate owner in our circle who's made mention of roof replacement for an upper middle class home (i.e. not a Toronto-area McMansion). Without going into motivation or psychology, he's claiming this overhaul / replacement is expected to cost him $50,000 (not a typo).

I'm now being told of a former tenant who's done damage to what I understand is a 2-bedroom condo (not a penthouse), and the associated repair bill is also $50,000.

I'm removing context from this discussion. I'm just curious how plausible these claims are, on their face.

Appreciate the feedback.
2 replies
Member
May 7, 2015
340 posts
435 upvotes
Toronto, ON
I paid 5000. One less 0, but I won’t provide context either

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