Monitoring the Number of Tenants in your Rental Property
A key issue to consider to ensure a problem free tenancy is to determine how many occupants are suitable for your rental property. Once this is determined then you will need to keep track of this number during the tenancy. A balance must be found between having more tenants to cover the rent, and the extra wear and tear that your property will incur as a result of having extra tenants.
You should specify the maximum number of permanent residents allowed in your tenancy agreement. When completing the application form to rent your property, tenants then need to confirm how many residents will be living in the property, allowing you to make an informed decision as to whether they will be suitable.
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October 26 2010 02:35 pm | Managing Tenants and Property Management Law
