If that is so, prior to making your decision, it’s relevant to assess all the possible risks and benefits of allowing your tenants to install a hot tub. Think of consulting with legal or insurance professionals to be certain you are properly protected in case of any issues.
For property owners, deciding if tenants can have a hot tub depends on several factors. There are sensible reasons for allowing or not allowing it. Here are some considerations for each option:
Reasons to Allow Tenants to Have a Hot Tub:
- Attracting and Retaining Tenants: Extending amenities such as a sauna bath can make your property more appealing to potential tenants, giving you the chance to charge higher rent and retain tenants for extensive periods.
- Increased Property Value: Installing a hot tub can build up the overall value of your property, which can be advantageous if you plan to sell in the future.
- Competitive Advantage: In a lot of rental markets, setting up a hot tub can give your property a competitive edge over others, helping it to be more attractive and get rented more quickly.
- Tenant Satisfaction: Tenants who take delight in the luxury of a hot tub may be more at ease with their living arrangements, which could engender fewer complaints and the very best of relationships.
Reasons Not to Allow Tenants to Have a Hot Tub:
- Maintenance and Costs: Hot tubs need regular maintenance, in particular, cleaning, water treatment, and plausible repairs. You may need to take upon yourself these costs or pass them on to your tenants, which could dispirit a few renters.
- Liability and Safety Concerns: Hot tubs can certainly pose safety risks. There is a risk of accidents, injuries, or even lawsuits if someone gets hurt. You may need to possess additional insurance coverage to make yourself well-protected.
- Potential Property Damage: There’s a risk that the sauna bath could damage the property, for instance, the deck or plumbing, which may entail costly repairs.
- Local Regulations: Many local municipalities and homeowners’ associations may have regulations or restrictions on affixing and using hot tubs. It’s important to check and obey any such rules.
- Increased Utility Costs: Hot tubs consume electricity and water, which could develop into higher utility bills. Reach a decision on whether you or the tenant will cover these costs.
Assume you are mulling over and open to allowing your tenants to put in place a hot tub on your property. If so, there are several really important considerations to always keep in mind, in particular, ownership, the lease agreement terms, the removal and restoration process, cost responsibilities, and the approval process.
Setting up clear and definite guidelines and rules in the lease agreement is firmly proposed if you do decide to permit hot tub installation. This can include essential issues such as maintenance and repair, responsibilities, and usage restrictions, which are very important to ensure the safety of your tenants and protect your property.
If you’re managing rental properties in Jacksonville and would prefer more useful insights on how to write your lease agreement, the property managers at RPM Champion can assuredly help. Contact us online or call us at 910-638-0190 today.