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Updated over 8 years ago on . Most recent reply

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117
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Brian Volland
  • Property Manager
  • Peoria, Az
50
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117
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How Many Rules Are Too Many?

Brian Volland
  • Property Manager
  • Peoria, Az
Posted

First off, thank you to this forum. Through advice given to others and lessons learned, y'all have helped me build a fairly solid list of rules/regulations for my future 4-plex. The issue today is I'm worried about scaring off tenants with the shear length of my compiled rules for tenants. At the moment I'm at 5 pages and it hasn't even been through a lawyer yet to translate it all correctly.

The question is, how many rules is too much? If you're willing to share, how many rules are on your lease?

Most Popular Reply

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2,667
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Deanna McCormick
  • Minneapolis, MN
1,760
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2,667
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Deanna McCormick
  • Minneapolis, MN
Replied

I have the application,  lease, the crime free / drug free addendum, the security deposit agreement, the lead free addendum, electric service power start form for service, pet deposit agreement, move in check in sheet. and a policy packet of several pages. They sign a form that they have received the policy packet with rules and regulations for the property.

The policy packet is pages of general rules for the property and also information for local contacts for services. It has the charges we charge for cleaning at end of tenancy. Once listed 

Yup all neat in a folder so all prepared when they come to rent and I get everything signed and sealed when the lease is signed. 

So yes several pages is fine.. 

Note on your lease Policy Packet with Addendum's. 

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