Recently, we’ve picked up a lot of properties from other Property Management companies in Indianapolis.
And when I say a lot, I mean a LOT.
This has given us the opportunity to see a wide range of Lease Agreements.
Some are pretty standard and some...well, some have been a little questionable in the legal department.
When we take over management of an occupied property, we must honor the Lease that is currently in place until the end of the term. We’ve been surprised at some of the provisions in these agreements, especially in regards to maintenance.
Some of the provisions explicitly outline that the Tenant is responsible for all maintenance in the rental home.
Yes, all maintenance.
But, in the state of Indiana, this is neither legal nor ethical from a Property Management standpoint.
It’s also just downright lazy.
One of the main reasons property owners hire a PM is to handle maintenance issues. It’s a big part of what we do.
And one of the main reasons people decide to rent, is because they’re not ready to take on the commitment of home-ownership... i.e. maintenance.
So, forcing all of the maintenance onto your Renter is basically just a recipe for disaster.