Apartment/house rental business

[_Cathy_]

was there an agreement prior to the renovation, as to how accounts will be settled?

if you are unable to agree on compensation,
"fair market value of the rent" would be a good number.

also,
document the condition of the house. take lots of videos and/or pictures.

None. We were shocked at the amount my Uncle spent on the renovation. Anyway, it's just the decision on whether we will deduct the cost 100% or 50% from the rent. I think my Uncle was banking on we'll sell it to him kasi

[dr. d]

common sense suggests that a renovated house should command a higher rental price, especially if the owner is the one shouldering the cost.

"you may rent the house from us at xxxx pesos a month. if you want to renovate it, go ahead. but don't bill us for it. but if you're going to bill us for the renovation, i must insist that you pay higher rental now, say, fair market value."

my thoughts.

[Walter]

Double the rent so that it will be done in 2 years ...

[makelovenotwar]

I agree with the previous suggestions to increase the rent.
(edit) Ginastosan mo yung bahay eh..so fair lang na taasan mo yung rental fee.

[_Qwerty_]

dapat kasi dyan may contract kahit pa kamag anak..

sa ibang house / apartment / condo for rent.. you can do any modification for as long na may approval nang owner, and renter will shoulder all costs..

[Walter]

Problem with having no lease contract is it will be very hard to kick them out when you need the property ... it's like dealing with squatters ... but worse ...