New Year’s Eve is one of those holidays that are a day filled with fun and laughter for so many people in the United States. On this particular day, people from all walks of life come together in their homes, or private parties, or at large public events to bid the old year goodbye and welcome the new one with much enthusiasm. Your Smyrna tenants, too, will probably take part in the joyous occasion by greeting it with a social event of some kind. When it comes to your renters throwing parties in one of your rental homes, it is crucial to know what are the things that are allowed and what are not to make sure parties are held to a controllable level and how to take the proactive approach, from the language in your lease documents to proper enforcement of its terms.
It can be a challenge to keep your tenants’ New Year’s Eve celebrations from becoming large affairs that increase the risk of damage and liability. For example, is there a limit as to how many people are allowed during parties? Can alcohol be admitted? Should you limit the consumption of alcohol? What if your tenants want to set off fireworks or noisemakers at midnight?
These issues (and more) can all be detailed in your lease documents. The wording in your lease should explicitly restrict the number of guests permitted on the property at any given time, with more significant numbers requiring special permission. The specific number can vary, but “no more than 10 for fewer than four hours” is a popular option.
Although you can’t legitimately forbid the consumption of alcohol by your renters, you can include specific language in your lease that addresses illegal activities and lays out the specific consequences of allowing such activity on your rental property in Smyrna. You might also consider prohibiting substantial numbers of people, an extreme level of noise, or a large number of cars. Fireworks should be banned 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 more thing you can do is to make sure that your tenants have their own renter’s insurance including renter’s legal liability. In the event that a large party does ensue on the property, the possibility of damage and injury increases considerably. If damage or injury does happen, you could be held in charge except if your tenants have their insurance coverage.
To finish, caring for your rental homes entails that you are meticulous 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 significant to act on time 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 East Cobb, 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 770-622-5657 to learn more about what we can do for you.