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Updated over 1 year ago, 10/09/2023

User Stats

293
Posts
141
Votes
Adah N.
  • Investor
  • Atlanta, GA
141
Votes |
293
Posts

Lease Language To Make Tenants Pay To Refresh Paint

Adah N.
  • Investor
  • Atlanta, GA
Posted

It is quite expensive to paint. About to spend $2500 for labor and materials to repaint a 1400 sqft townhouse. BTW this is a competitive deal  for my area. Yes, we self manage. No, we refuse to do any of the work.  

This will greatly deplete cash flow for those $200/door deals. Tenant (inherited) was in unit for 17 months, we have to repaint as most of the walls are badly stained. This got me thinking about adding a language to lease to deduct (from security deposit) costs related to repainting or refreshing. For example move within and up to 1 year tenant pays for 75% of cost to refresh  or repaint. Move after 3 years tenant pays 25% and 0% if they stay 4 or more years. Cost applies when tenant chooses not to renew or landlord terminates due to lease violation.

Anyone include language about repainting or refreshing paint in their lease? Thoughts?

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