Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

117
Posts
50
Votes
Brian Volland
  • Property Manager
  • Peoria, Az
50
Votes |
117
Posts

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

User Stats

2,667
Posts
1,760
Votes
Deanna McCormick
  • Minneapolis, MN
1,760
Votes |
2,667
Posts
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. 

Loading replies...