As a landlord, you may meet a problem when your tenants ask to install a hot tub on your rental property. Although it can bring about optimum tenant satisfaction and cost savings, hot tub installation has probable risks. If the hot tub malfunctions or develops damage to the property, you may be left with costly repairs and legal disputes. Furthermore, poor tenant maintenance can generate hygiene concerns or safety hazards.
In this case, prior to coming to a decision, it’s significant to think of all the probable risks and benefits of allowing your tenants to install a hot tub. Take time to consult with legal or insurance professionals to make it a point you are shielded in case of any issues.
For property owners, deciding if tenants can have a hot tub is dependent on lots of factors. There are right reasons for allowing or not allowing it. Here are various considerations for each option:
Reasons to Allow Tenants to Have a Hot Tub:
- Attracting and Retaining Tenants: Offering amenities, namely a sauna bath, can make your property more appealing to potential tenants, enabling you to charge higher rent and retain tenants for long periods.
- Increased Property Value: Installing a hot tub can extend the overall value of your property, which can be good if you plan to sell in the future.
- Competitive Advantage: In quite a few rental markets, affixing a hot tub can give your property a competitive edge over others, helping it be noticed and get rented more quickly.
- Tenant Satisfaction: Tenants who adore the luxury of a hot tub may be more pleased with their living arrangements, which could cause a reduction in complaints and perfect relationships.
Reasons Not to Allow Tenants to Have a Hot Tub:
- Maintenance and Costs: Hot tubs need regular maintenance, involving cleaning, water treatment, and probable repairs. You may need to bear these costs or pass them on to your tenants, which could discourage a number of renters.
- Liability and Safety Concerns: Hot tubs can pose safety risks. There is a risk of accidents, injuries, or even lawsuits if someone gets hurt. You may need to obtain additional insurance coverage to protect yourself.
- Potential Property Damage: There’s a risk that the sauna bath could damage the property, for instance, the deck or plumbing, which may need costly repairs.
- Local Regulations: Considerable local municipalities and homeowners’ associations may have regulations or restrictions on furnishing and using hot tubs. It’s really important to check and fulfill any such rules.
- Increased Utility Costs: Hot tubs consume electricity and water, which could bring about higher utility bills. Decide whether you or the tenant will cover these costs.
Assume you are taking into account allowing your tenants to set up a hot tub on your property. In this case, there are several necessary considerations to actually think about, including ownership, the lease agreement terms, the removal and restoration process, cost responsibilities, and the approval process.
Creating straightforward guidelines and rules in the lease agreement is certainly recommended if you decide to permit hot tub installation. This can include basic issues, in particular, maintenance and repair, responsibilities, and usage restrictions, which are certainly necessary to ensure the safety of your tenants and protect your property.
If you’re managing rental properties in Bullhead City and would like more insight on how to write your lease agreement, the Bullhead City property managers at Real Property Management Northern Arizona can help. Contact us online or call us at 928-757-7368 today.
Originally Published on July 3, 2020
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