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Chicago Area & Illinois Real Estate Tips, News, & Advice

for Investors, Homeowners, and & Renters

 
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HAVE TENANTS PAY FOR SMALL REPAIRS FOR PROBLEMS THAT THEY CAUSED

Consider having tenants pay for small repairs not caused by building issues, but due to their negligence or misuse. If you are concerned about having tenants that call you at all hours of the night for minute issues or issues that were caused by them abusing or neglecting their apartment, then consider including wording in the lease that states that the tenants will be responsible for paying up to a certain dollar amount for repairs that were caused by the tenant. You can decide what dollar amount seems appropriate, but keep in mind that if the amount is too high, it can be a big turn off to prospective tenants.

Besides the obvious benefit of you not having to pay as much for tenant caused repairs, tenants that are aware of this clause in the lease, will be more likely to make a more conscious effort to care for your rental.  Other useful language to include in your lease is spelling out small items that are considered the tenants responsibility like replacing light bulbs and such. Some tenants think this is the landlord’s responsibility, so it’s helpful to spell out this kind of information upfront.