By Toothless_Lasagna - 15/10/2017 20:00
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Make them pay for it. If there stupid enough to fight, then they are old enough to pay for things they break.
Because they are contractually obligated to inform the landlord- OP's boss in this case- and pay for who they pick as the contractor to do the repair since it was caused by one of the renter's. Plus, it just says "a huge hole" which means it probably isn't just a fist sized hole. My guess is that one or both of them fell through the wall, which could require that the repairperson cuts out the entire damaged section of dry wall and puts in entirely new sections, as opposed to doing something that is more of a patch job.
The best thing to do in this situation is to just come clean. Tying to hide it will just make things worse, and since you and the boss are on good enough terms that they let you rent their house to begin with, there is a possibility that they will just let you off with paying for the repairs.