As someone who has been involved in the editing and writing of rental agreements, I`ve seen all kinds of clauses and addendums. However, one feature that is increasingly common in rental properties is the inclusion of a pool. A pool can be a wonderful asset to a rental property, but it also comes with its own set of considerations. In this article, we`ll discuss what you need to know about including a pool in your rental agreement.
First and foremost, it`s important to note that including a pool in your rental property is an investment. Not only is it a significant financial investment, but it also requires time and energy to maintain. Before you sign a rental agreement with a pool, make sure you know what level of maintenance is required. Some landlords choose to hire a pool company to handle all the maintenance, while others may require tenants to take on some of the responsibilities themselves.
In addition to maintenance considerations, there are also safety concerns when it comes to pools. Your rental agreement should include language that outlines the pool rules and regulations. This may include things like prohibiting diving in the pool, limiting the number of people allowed in the pool at one time, and ensuring that children are always supervised by an adult.
Another important consideration is liability. As a landlord, it`s important to protect yourself against any potential lawsuits related to the pool. Make sure your rental agreement includes a liability waiver that requires tenants to assume all responsibility for any injuries that occur while using the pool. It`s also a good idea to require tenants to carry their own liability insurance.
Finally, it`s important to consider the potential impact of a pool on your property value. While a pool can be a great selling point, it can also be a liability if it`s not well-maintained. Before you include a pool in your rental property, make sure you`ve done the research on what it might do to your property value in the long run.
In conclusion, rental agreements with a pool can be a great way to attract tenants and add value to your property. However, it`s important to carefully consider all the implications before you dive in. Make sure you`ve done your due diligence and have included all the necessary language in your rental agreement to protect yourself and your tenants. With careful planning and consideration, your rental property with a pool can be a great success.