Ronald P. Barranti and Stephanya M. Barranti - Page 13

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               We find the total value of Murray's repair and maintenance             
          work performed from May to December 1992 to be $2,540,2 or $318             
          per month.  This amount is substantially less than the $700 to              
          $750 that petitioner determined as the fair market rental value             
          of her property.                                                            
          1993 Activity                                                               
               Petitioners reported $3,000 on Schedule E as the amount of             
          cash rent they received during 1993.  Petitioner testified that             
          Murray lived in the house from January through June 1993.3  Thus,           
          petitioners received at most $555 of rent in cash and services              
          ($500 cash plus $55 in value for Murray's gardening service) each           
          month, which is substantially less than the fair market rent                
          determined by petitioner.                                                   


               2This amount is the sum of the estimated values of the                 
          following repairs:                                                          
               Repair fence                  $300                                     
               Repair storage shed           300                                      
               Repair plumbing               300                                      
               Repair awning                 500                                      
               Paint interior                500                                      
               Gardening service                                                      
               ($55/month for 8 months)      440                                      
               Replace plants                200                                      
                    Total               $2,540                                        
               3At trial, respondent introduced evidence that cast doubt on           
          whether Murray occupied petitioner's property during 1993.  This            
          evidence is a page of the contract with Cornish & Carey, signed             
          and dated by petitioner, which describes the property as vacant             
          with access by keybox.  We are satisfied, however, that Murray              
          did occupy the property during the relevant time period, and that           
          his agreement with petitioner was that he would move out as soon            
          as the property was sold.                                                   




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