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Updated 6 months ago on . Most recent reply

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Kar Sun
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374
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Clauses in a contract

Kar Sun
Posted

Greetings all.

I want to add several clauses to my contract :

1. Unacceptable conduct, such as engaging with multiple neighbors and disclosing terms of my contract to parties other than creditors or banks and libelous behavior(basically engaging in gossip with 3rd parties).

2. Pros and cons of adding early termination clause in a contract? I currently do not have one. If I let them go can I keep the security deposit until I find a tenant?

3. Tenant responsibility for all appliances. I let them use the appliances and since they use them they are responsible to fix them. That should give people incentive to take a good care of appliances.

4. Charging a fee for a technician visit for any appliances diagnostics.

How do you set the expectations from the start to avoid people with incredibly high expectations?

I am sort of tired of "I am a good tenant because I pay on time" so do an "X" for me right away; basically treating a landlord as a room service. 

Completely not interested in having jerks and dealing with them.

Please do not advise to have a property management company as I will not.

I only have a few units and I have a full time job so this is a passive income.

My rent prices are slightly below the market value.

I live in Tennessee.

Thanks

Most Popular Reply

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Andrew B.
  • Rockaway, NJ
2,139
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2,086
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Andrew B.
  • Rockaway, NJ
Replied
Quote from @Kar Sun:
Quote from @Greg M.:

You're asking a tenant to take responsibility over an appliance that they have no idea how it has been maintained. Even if it were new, they have no idea about the quality or manufacturing imperfections. 

Think of it this way, would you rent a car where the rental agency requires you to cover costs if it mechanically broke down during normal use? 

Unless they clearly did something to cause the damage, you're going to get pushback from the tenant when you try to charge them for the repair. 

I suggest you suck it up and cover these costs and just build these costs into the rent. 

 it is not under a normal use when the appliances break down.

it comes from neglect, especially when they are new.

I have already made a decision.

If I get a pushback they can rent a crappy place, not my place..there are always options...

Appliances are provided for a convenience and not a part of rent.

Tenants will be responsible and I do not have to suck anything up.


 Why did you ask us for advice if your mind was already made up? Good luck providing D quality service on an A quality rental. Good tenants will leave when you ask them to pay for an appliance because you're too cheap to replace your own property. You'll be left with lower quality tenants which wont take good care of the property and cost you more money in the long run. 

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