22. Smoke detectors
Next, include a clause for smoke detectors. This 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 major 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. The situation becomes worse if someone is hurt or even dies from a fire due to outdated or broken smoke detectors.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.
23. Right to access property
A landlord has the right to access their property on a reasonable basis for inspections and/or repairs, and your lease should reflect this. Include a clause that gives you regular access to your property, at least every six months or so, to check up on the property and your tenants. This way, you’ll be on top of any issues or damages and see how well your tenant is taking care of your home. Don’t assume your rights here; include them in the lease. If you don’t, what happens if there’s a small plumbing leak that’s causing major damage to your house, but you don’t have the right to get reasonable access to your property? The tenant might not let you in—and he/she would have the legal right to do so—and, as a result, your investment is being destroyed by water damage and you can’t even fix the problem.
24. Property disclosures
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