Updated about 9 years ago on . Most recent reply
Helpful tips for residential lease
All,
What are the most useful things you put in a residential lease? I have heard some very neat tips over the years that I have adopted and am VERY grateful for as they have vastly improved my lease.
I'll start - I have recently added a provision to my lease that requires the tenant to pay a service call fee (in addition to related repairs) if there is a maintenance issue due to tenant neglect. Another investor told me about a recent mishap where a tenant tried to flush something down the toilet that should have been buried or cremated. This is the type of scenario where I will charge a fee for the service call. Additionally, I include the paint # in my lease. My tenants are allowed to paint the units but they must return it to the EXACT paint color as before. I outline in my lease what the paint color is and that if they fail to return it to those colors, their security deposit will be forfeited for the cost to professionally repaint the unit.
Share your best tips with us!
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- Rental Property Investor
- Baltimore County Maryland and Tampa Florida
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Mindy's post is very helpful to remember. Your lease should reflect the local laws and/or be something that would hold up in court.
Another thing to consider is that some tenants may hesitate to make a service call in fear of having to pay for it. Then repairs could get worse. I pay for all repairs up front and if it's something caused by the tenant or the tenant's guests, I will add it to their following month's rent. I will make things clear in the lease and verbally say in the beginning not to flush anything down the toilet besides toilet paper. I tell them not to even trust "flushable" wipes. I also tell them not to use those dissolving cleaners that you drop in the toilet tank because it can damage parts.
My leases also state what appliances are owned by the landlord.
Mostly safety stuff I require after that such as no use of candles or space heaters. No using the oven as a heat source. Not storing items within 3 feet of furnaces and water heaters. Things like that.