Our calculation was based on a 10 year life expectancy of the carpet and we didn't factor in depreciation of the labor.
Our calculation was based on a 10 year life expectancy of the carpet and we didn't factor in depreciation of the labor.
Even when it wears out over time, carpet doesn't replace itself.
Ten years for carpet in a rental is on the long side. I wouldn't be surprised if the court shortens that figure.
Thanks for your input guys. Is there a standard time frame used for calculating carpet damage? They are depreciated over 6 years on taxes so I was going to use that but the ex tenants found this formula on a tenants rights website hoping the carpets were as old as the house (built in 2001) so we used it since it is obviously more beneficial to us.
There's no standard time. If you're using a six year depreciation schedule for your taxes, it's reasonable to use that schedule in court (and if you want you can offer a copy of the depreciation schedule from your tax return to help document that it is, in fact, the schedule you use).