Many landlords find it advantageous to furnish their rental properties depending on the type of tenant they are trying to attract. Students, professional singles, and young couples may be more likely to rent a furnished place for fair market rent because they haven’t accumulated much stuff of their own. When you make the decision to furnish your rental property , consider including a furniture lease addendum for you both to sign.
What is a Lease Addendum?
A lease addendum is a section of the rental lease agreement that goes into detail about a certain, specialized aspect relating to the tenancy. It is considered part of the lease agreement and is a binding contract when signed by both parties. It’s common to have a lease addendum on topics like pet care, installing satellite dishes and keeping fresh batteries in smoke detectors.
A lease addendum for a furnished apartment focuses on the rules you’ve established when it comes to the care and treatment of the furniture you are supplying.
Furnished Apartment Lease Addendum
Your lease agreement probably covers all the standard topics, but may not get too specific when it comes to caring for the furniture. A furnished apartment addendum is a good idea because it can document what furniture is included, the condition of the furniture and assigns responsibility to the tenant for damaged or missing items.
A furniture lease addendum generally lists all the pieces of furniture in the rental property when the tenant takes possession. You may include a short description of the condition if necessary. For example, if you have included a sofa with a small hole in the armrest, you and the tenant could note that in the furniture lease addendum so the tenant is not charged for that as damage down the road.
Here are some other points often included in a furnished apartment addendum:
- No indoor furniture is to be used outside for any reason.
- Make sure furniture is at least 4 inches away from HVAC intake and vent openings.
- Tenants should keep furniture clean and in good condition, not including normal wear and tear.
- Tenants should report any damages to furniture or broken furniture to the landlord immediately to assess if repairs or replacements are needed.
- Tenant will be responsible for unreported damage beyond normal wear and tear.
- Tenant is responsible for the cost of replacing any missing furniture at the move out inspection.
Keeping Yourself and Your Tenant Happy
Remember that as a landlord, you want your property to look and feel like a nice place to live. If you provide ratty, secondhand furniture, your tenant won’t have much pride of ownership and is less likely to take good care of it. If you provide modest, clean and stylish furniture, your tenant will be more vigilant in ensuring that it stays clean and neat.
Need a Furnished Apartment Addendum?
If you’re in need of a furnished apartment addendum then look no further because we have one for you! We’ve included the addendum, along with 60 other forms and documents that landlords can/should use in our Landlord Form Bundle.
Do you have a furniture addendum to your lease agreement? Are there any points we didn’t cover here that you think should definitely be included? Share this article with others and let us know your ideas in the comments.