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Fireplace In A Rental Property And Possible Legal Issues.

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  • Thursday, July 30, 2009 @ 10:50 AM EDT
  • 6 Comments

I am buying a rental property with a fireplace. To avoid future legal problems (if something goes wrong), I would like to make a provision in my rental agreement about using fireplace. Can anyone give an advice? Thanks.

Comments(6)

  • no photo
    rglover54830th July, 2009

    Are you serious? A fireplace doesnt require special leases. Millions of homes with fireplaces...they actually increase rental value and people rarely use them in the south.

  • d_random
    d_random30th July, 2009

    You can always buy a decorative cover for the fireplace (which would cut down on energy loss too). Tenants would be less prone to use it then.

  • joel
    joel22nd June, 2009

    What are market rents in the area?

  • no photo
    smithj23rd July, 2009

    Market rents in the area range from $1500 to $1550. Property is listed at $1425, way below market rates.

    Any ideas?

    JS.

  • no photo
    smithj26th July, 2009

    Newkid,

    The property just received a fresh coat of paint throughout as well as new carpet. Granted, I am biased but I believe the property looks fresh and great, not worn at all.

    Any ideas on the corporate market?

    JS

  • d_random
    d_random3rd August, 2009

    smithj2-

    Did you get it rented? What did it take? Lower the price?

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