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Updated over 8 years ago, 09/06/2016

User Stats

633
Posts
488
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Brandon Schlichter
  • Real Estate Agent
  • Circleville, OH
488
Votes |
633
Posts

Penalty/fee schedule for tenants?

Brandon Schlichter
  • Real Estate Agent
  • Circleville, OH
Posted

This year we've had a few problems with houses falling in disrepair due to tenant neglect. This is of course our fault for not strictly enforcing regular inspections.

 However, up to this point, our leases have had just general 'good care and cleaning' clauses. There were no teeth to them and the tenants for one reason or another are trying to skirt around doing what they need to.

So, I've been thinking of having tenants sign a fee schedule for them not taking care of things. Picking up trash, mowing the yard, not reporting bug problems, etc. Also being more strict about no-pets without payment. 

Most of my properties are lower end, but that doesn't mean that people should live like animals (I think this goes without saying). So my current method of thinking is trying to get them on the understanding, at lease-up that we have standards that will be enforced or they'll have to pay for it.

Any thoughts on putting fees like this in the lease? One idea would to be make them punative, but the other would be to go at it from a structure that might make it something attractive to them if I provide lawncare service (Right now I've got a guy that will mow any yard for $10, and normally people charge $20 or so around here). So in that case, charging tenants $50/month to cut their grass might be something they'd do, and I'd also make money. 

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