So you meet your future tenant, show them around the property and seal the deal. You think to yourself you found the perfect tenant, but unfortunately not all first impressions last! That quote about rules are made to be broken should never be applicable to your property. That’s why having house rules is very important and should be clearly explained to your tenants. These rules can make or break your landlord-tenant relationship. The need for house rules can help you out with:
Setting up expectations and avoid confusion – there are bad tenants and then there are the good ones. Some break rules, they didn’t know exist. Its best to include the rules in the contract and explain to them clearly the do’s and dont’s.
Avoid tenants from damaging your property – clearly conveyed rules can prevent tenants from damaging your property. If it is in writing it can help you in protecting your property from damages and misuse.
The five house rules that needs to be implemented
These are basic rules you would like to have that can serve as a protection your investment and property. Having these rules can also help in maintaining a healthy tenant-landlord relationship.
1.) Conditions about late payment – first things first, when do you consider a rent payment late? Is it a week after its due date or can you give your tenant a grace period? You can also think of late payment charges but you have to consider local and community laws regarding late payments.
2.) Right of Entry as a Landlord – one of the things that should be included in your clause is your right of entry as a landlord. Tenants should be informed of the situation where you are allowed to enter the property. Tenants should be well informed of this rule to avoid confusion. Nobody really like surprise visits and tenants might feel an invasion of their privacy.
3. ) Garbage disposal and outside maintenance – this might seem a petty issue but it can become a major one if left unattended. There are local ordinances to consider that can charge fees for improper garbage disposal, and that will be charged to the landlord so you better discuss additional charges if charged by the city for improper garbage disposal.
4.) Pet Policies – it really is up to the landlord if he allows pets in his property or what kind of pets are the tenants allowed to have.
5.) Hours – you really don’t want a disgruntled neighbors complaining against your tenant for having wild parties and who plays loud music until the wee hours of the morning. That can cause a problem for the landlord in the community.
Aside from these rules, the consequences of breaking these rules should also be discussed. Penalties should be clearly explained. Repetitive offenders can be a ground for eviction. Nobody wants to have abusive tenants that will not be good for your property and can cause you problems.
