lease agreement by lot, not address?

Question

I have a property that sits on 2 regular sized lots for the area. I want to either sell off the southern lot or build on it, so when I sign a lease for the house on the 2 lots, I want the tenants to be aware of this and "rent" the northern lot (the entire structure is on the northern lot). Since these 2 lots are under 1 address, what's the best way to structure this into the lease? There are some sheds on the southern lot that I don't mind them using, but when I decide to sell/build on it those would go.

Bill B. · Answer

Put up a temporary fence, like snow fencing if you want to make it obvious. Otherwise just show people the property line when you show them the house. They wouldn’t assume they could use the extra lot if there was a house there or if someone else owned it. What if you owned 3 lots on each side? What tenant would think they get to use all 6 lots.

On the other hand, I would be very direct and get it in writing that you plan to build on that lot during their tenancy or they can probably break the lease as soon as you start making noise.

Colleen F. · Answer

@Allen L. you should be able to get a different street address for the other lot. However what I did in a similar situation was to specify that they are renting the property at the specific address and then specified the boundaries. I did not have separate lots but did specify where their use of the property ended on each side of the property.  I wouldn't give them use of the sheds in your case because taking it away is an issue. You could add an addendum for the sheds on a month to month if someone asked for them.