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Updated about 2 years ago,

User Stats

8
Posts
2
Votes
Zack Dasbur
2
Votes |
8
Posts

Need Help with Tenants and Residential Elevator

Zack Dasbur
Posted

Hi Everyone, 

I have been buying and renting out high-end townhomes for 4 years now. One of my recent acquisitions I purchased has a private four story residential elevator. The unit is brand new and I have been living in there for the past six months. I recently decided to move to another property and I have tenants and a lease signed for December for my home with the elevator. 

I am a bit worried about my elevator and safety/liability. Do I need to make an addendum for the tenants explaining rules for an elevator and have them sign it so they understand? I am a bit worried in a worst case scenario if something were to happen. I am going to have the elevator inspected by the company that installed it regularly. I obviously can't control how my tenants use it though/who they invite to the house. 

Basically can I make an addendum that covers me if they treat it poorly and it affects someone's safety? Has anyone been in a similar situation? What would you do/go about it in my situation? 

Thanks for your time!
 

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