How to Handle Tenant Modifications Without Any Hassle
July 14, 2019 by admin · Leave a Comment
Summary: Are your tenants proposing to modify your property? Make sure they’re doing it within the contract that they signed or you may face a number of problems.
If you are planning on renting your property out to others, it’s important that you clearly communicate what is allowed. Setting rules and boundaries are important parts of the leasing agreement drafting process, because it helps clear confusion on how much freedom the people living in your house will have throughout their stay.
A Change in Value
If you do decide to allow your tenants to make modifications, you will need to let your tenants know what they can and can’t do. Although the tenants may be living in the house for years, think about the kinds of modifications that can drastically impact the value of the house.
For example, if your tenants want to build a pool in the backyard, they would have to get rid of a lot of grass or pavement to create space for the project. A pool can sometimes drive house value up, but it is also an expensive addition that requires a lot of maintenance to keep it safe and looking fresh. A request to repaint the walls, on the other hand, can easily be reverted after the tenants move out. Always make sure you are comfortable with the proposed modification. While you may have a relationship with the tenants, always put your property and your investment first.
Hire Reliable Workers
When it comes to construction projects finding reliable workers you can trust to get the job done is crucial. If you agree to allow the tenants to make an alteration to the house, it would be wise to look into the construction workers to be certain that they are qualified enough for the kind of work the project demands. Failing to do so can result in a botched project and more money out of your pocket to pick up the slack on repairs.
Blog submitted by Lyle Charles Consulting: Lyle Charles of Lyle Charles Consulting is an expert in the construction industry. If you need assistance in handling construction delay claims or a construction expert witness, visit them online for more information.