Everybody seems to have different ways to ring in the New Year, with some people across the United States coming together to celebrate the New Year’s Eve with their families, some choose to attend exclusive parties, and some people opt to celebrate with more individuals via public events. Regardless of how you want to do so, celebrating New Year’s Eve is something that almost everybody anticipates doing including your Coral Gables tenants. It is for this reason that you have to think about renters throwing parties in one of your rental homes. You ought to have a clause in your lease to make sure parties are kept under control, and how you intend on taking the proactive approach, from the language in your lease documents to proper enforcement of its terms.
You will come to realize that it is challenging to keep up with your tenants’ New Year’s Eve celebrations. You have to set guidelines to make sure that the parties will be on a controllable level and not become one of those parties that increase the risk of damage and liability on your end. Matters such as the number of people allowed when there is a party, consumption of alcohol and the idea of fireworks or noisemakers at midnight must be discussed thoroughly in your lease agreements.
Your lease documents hold the key to making sure everything will be smooth sailing for you and your tenants if they decide to throw a party. The wording in your lease should explicitly limit the number of guests allowed on the property at any given time, with larger numbers requiring special approval. The specific number can vary, but “no more than 10 for fewer than four hours” is a popular option.
The truth is, legally, you can’t ban the consumption of alcohol by your renters, what you can do as an alternative is to put specific language in your lease that addresses illegal activities and lays out the specific consequences of allowing such action on your rental property in Coral Gables. You might also consider prohibiting large numbers of people, an excessive level of noise, or a large number of cars. Fireworks should be prohibited at all of your rental homes, but you might consider making a special note of holiday-related activities (such as loud music or noisemakers) that would create a public nuisance for the rest of the neighborhood.
One other important thing you can do is to make sure that your tenants have their own renters insurance including renters legal liability. If a large party does occur on the property, the possibility of damage and injury increases considerably. If damage or injury does transpire, you could be held responsible unless your tenants have their insurance coverage.
Finally, protecting your rental homes requires that you are diligent in enforcing the terms of the lease agreement. If a party gets out of hand and loud, destructive, or illegal activity is taking place, it’s critical to act immediately and decisively to hold your renters accountable.
The good news is that you don’t have to do all of this on your own. At Real Property Management Sunshine, we will ensure that your lease documents include specific and binding language while monitoring activity, watching for those things that may not comply. Please contact us online or by phone at 305-930-7867 to learn more about what we can do for you.