New York City, NY · Member since 2015 · 125 posts · 48 votes
This isn't a situation I have at either of my current properties, but I'm looking to purchase a two family home, and I'm seeing some on the market that have a driveway that is only wide enough for one car. While it may be long enough to fit several vehicles, the vehicle in front would have to be moved to get any vehicles behind it out.
If you have a property like this, how do you handle it? Does your lease give the whole driveway to one unit, and instruct the other to park on the street? All other things being equal, I assume you would charge a premium for the one with driveway access? If one unit is a 3 bedroom, and one is a 2 bedroom, would you give the larger unit the driveway by default? Would you not address it at all, and just tell the tenants to work it out amongst themselves?
Real Estate Investor · Encinitas, CA · Member since 2016 · 3k+ posts · 3k+ votes
9y
Tyler Brown Do not let the tenants work it out for themselves. That's the worst option here. It's better to widen the driveway, put it in the lease, etc. You don't want 6 am phone calls from Tenant A that's late for work because Tenant B "blocked them in".
Royal Oak, MI · Member since 2015 · 257 posts · 230 votes
9y
I have it in my lease that one unit gets the driveway, the other is in the street. In my top/down unit, the bottom unit fetches 30% more in rent so they get access to it.
Real Estate Investor · Encinitas, CA · Member since 2016 · 3k+ posts · 3k+ votes
9y
Tyler Brown Do not let the tenants work it out for themselves. That's the worst option here. It's better to widen the driveway, put it in the lease, etc. You don't want 6 am phone calls from Tenant A that's late for work because Tenant B "blocked them in".