Maximum Occupancy of a 1/1 Condo

[Tom Hoyt]

We are new Landlords and have a 1/1 upstairs Condo and our Lease Agreement states any additional people living there in besides the named Tenants will result in $150 additional rent. We have a few questions for you more experienced Landlords:

 - What is the Maximum Occupancy of a 1 Bedroom/1 Bath Condo? We feel 2 adult Tenants are about the maximum, and adding a child is pushing it.

 - Do others rent to a couple with a child and charge extra for the child or is that asking too much?

Also, our concern with renting to a Tenant with a toddler is that our balcony connects to the roof on one side and the child (toddler) could potentially climb up and over the balcony, or climb on the roof and end up falling off. How do we protect ourselves in this situation in terms on what language to add to our lease agreement, etc.?

Thanks in advance

Tom