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Thanks for the advice guys. We ended up removing the valve and capping the line. There were some damages caused by the leak. At this point my landlord and I are trying to determine fault and how to divvy up the cost of the water damage mitigation (~$2000). Terry, in your professional opinion...

I recently closed the shut off valve behind my refrigerator (compression valve) and, though it seemed to be okay at the time, the next day I found that the valve started leaking. I don't think this valve has been used in a very long time, it has probably been open for 10 to 20 years. Do these...