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Updated about 4 years ago,
Bought a property with a fire pit
in March, I bought a property with a fire pit. It's far enough from the property and well-built. The current tenants are responsible, but that, of course, may not always be the case. There are four units across two buildings with the pit between them. The city has regulations about 'camp fire' permits and requirements on what can/cannot be burned and fines for those who violate the regulations. I'm looking to protect myself, whether that be an addendum to the leases, or rental insurance. I plan to contact my insurance company as well. These are long-time tenants (11 yrs) who pay $1,800/mo rent (plus utilities) and I'd like to keep them in place at least for the next year. I know the knee-jerk reaction would be get rid of it. I'm looking for all ideas to think this through. All ideas/thoughts welcome!