Investor · Cumming, GA · Member since 2016 · 153 posts · 34 votes
What will you add to your next lease? I use a ezLandlord forms which allow you to pick and choose some rules for the property and ensure you are 100% legal for your state (no I don't work for them). They cover a lot of things you may not think of, like waterbeds (do they still make those?), trampolines (liability!), drug trafficking, etc..., but some tenants can be "creative".
So, what will I add to my next lease update? "No trap ranges/trap shooting/gun ranges".
While it was not in my lease, I was able to stop the action. It did fall under nuisance activity, in my mind, but they were also shooting the clays over the neighboring property. Sure, I own the neighboring property, but they are not leasing it, and the were littering it with the orange clays.
So, what will you add to your lease for the next renewal or your next tenant?
Investor · Jasper GA · Member since 2015 · 1k+ posts · 1k+ votes
9y
Light bulbs. What's the deal with that? The deadbeat tenants steal the light bulbs and leave one bulb in a fixture if I'm lucky.
I require braided hoses on the ref and washing machine.
Renters Insurance is a must.
I let them cancel the lease with 30 days notice and a payment of 2 months rent as a penalty.
I've never done a lease for less than 2 years and most of my renewals are for 2 years.
I haven't done it yet but will put in the lease, if the tenant wants to extend the lease beyond the initial period and doesn't sign an agreement within 30 days of the expiration of the lease,it becomes a month to month at an increase of 10%.