Susan Ormont - RISK VERSUS REWARD: A SIMPLE GUIDE FOR INVESTING IN REAL ESTATE

This means it’s your problem, not the tenant’s, even though the tenant is causing the problem. Legally, your hands are tied because you can’t force the tenant, and maybe you can’t even address or fix the issue yourself. You could be in over your head with thousands of dollars in fines, all because your lease didn’t protect you.

20. Code Enforcement Complaints

Just as with HOA complaints, the same applies to code enforcement complaints that come from the city.

21. Pest Control

You’ll also need a clause for pest control. Why? If you don’t, you could end up in a situation in which the tenant can call you at any time and demand a pest control service. You might end up having the house sprayed with toxic chemicals over and over again while you have to foot the bill!

22. Smoke Detectors

Next, you need to include a clause for smoke detectors. zhis can be a huge liability if you don’t discuss it. Ensure the tenant checks the smoke detectors and is satisfied before they move into your home. If there are any issues, you’ll have the opportunity to rectify it before it becomes a bigger problem. For example, if the house burns down and the smoke detectors weren’t inspected by the tenant and working properly, you could be faced with a huge lawsuit for damage. zhe situation becomes worse if someone is hurt or even dies from a fire due to outdated or broken smoke detectors. Without this area included in your lease, you could be liable for thousands upon thousands in damages, legal fees, and lawsuit payouts.

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