New Year’s Eve is a massive social holiday in the United States. People all over the country get together in their homes, engage in private parties, or celebrate at large public events to say goodbye to the old year and greet the new. Your Apex tenants, too, will possibly celebrate New Year’s Eve with a social event of some kind. Consequently, when it comes to your renters throwing parties in one of your rental houses, it’s key to understand what can be performed to keep parties in check and how to have a take-charge approach, from the language in your lease documents to proper enforcement of its terms.
Keeping your tenants’ New Year’s Eve celebrations from turning into huge events that increase the risk of damage and liability can be a challenge. For example, how many people is too many when entertaining on your property? Can (and should) you try to prohibit your tenants from drinking alcohol? What if your tenants want to light up fireworks or noisemakers at midnight?
These questions (and more) can all be taken into consideration in your lease documents. The wording in your lease should expressly restrict the number of guests permitted on the property at any particular time, with greater numbers needing a special permit. The particular number can vary, but “no more than 10 for fewer than four hours” is a well-known alternative.
Although you can’t lawfully bar the drinking of alcohol by your renters, you can include particular language in your lease that takes into consideration unlawful activities and notes the individual repercussions of enabling such activity on your rental property in Apex. You might also think of forbidding big numbers of people, an immoderate level of noise, or a huge number of cars. Fireworks must be prohibited at all of your rental homes, but you might consider developing a special note of holiday-related activities (such as loud music or noisemakers) that would bring about a public nuisance for the rest of the neighborhood.
One other thing you can do is to make sure that your tenants have their own renters insurance including renters legal liability. In the case that a major party does happen on the property, the chance of damage and injury amplifies greatly. If damage or injury does come about, you may be held liable unless your tenants have their own insurance coverage.
Ultimately, safeguarding your rental homes means that you are careful in applying the terms of the lease agreement. If a party becomes wild and loud, destructive, or wrongful activity ensues, it’s key to act swiftly and resolutely to hold your renters accountable.
The good news is that there’s no need for you to do all these by yourself. At Real Property Management Excellence, we will make certain that your lease documents incorporate exact and binding language while monitoring activity, on the lookout for those things that may fail to comply. Please contact us online or by phone at 919-827-1107 to know more about what we can do for you.
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