Everybody loves a good New Year’s Eve celebration where families get together, friends sit down and talk about matters, or maybe celebrate at public events along with many others. New Year’s Eve lets everyone have that one night where everyone can come together and bid the old year farewell and welcome the new. Your Newburgh tenants will most likely greet the New Year’s Eve with a simple gathering or two. For this reason, renters throwing parties in your rental homes have to have an explicit clause in your lease to make sure parties are being kept under a controllable level. Taking the proactive approach to informing tenants taken from the language in your lease documents to proper enforcement of its terms is essential.
It can be pretty tough to make sure your tenants’ New Year’s Eve celebrations are celebrated warmly, meaning it is far from becoming large affairs that increase the risk of damage and liability. For instance, how many people is too many when throwing a social affair on your property? Can (and should) you attempt to restrain your tenants from drinking alcohol? What if your tenants want to set off fireworks or noisemakers at midnight?
These issues should be discussed in your lease documents. The wording in your lease should explicitly state the number of individuals allowed on the property at any given time, if in case your tenants would have more guests, then there should be required to ask for special permission. The specific number can vary, but “no more than 10 for fewer than four hours” is a popular option.
Legally, you can’t ban the consumption of alcohol by your renters, what you can do instead is to add a specific language in your lease that addresses illegal activities and lays out the specific consequences of allowing such activity on your rental property in Newburgh. You might also ponder 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 could consider making a special phrase 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 occur on the property, the possibility of damage and injury increases considerably. If damage or injury does occur, you could be held responsible unless your tenants have their own 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 important to act promptly 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 Results, 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 812-461-1676 to learn more about what we can do for you.
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