Smoke Detector Release and Renters Insurance Disclosure
This two-sided document is CYA by introducing (and counting) the number of smoke detectors in the property and addressing renters insurance. You want to document that there are smoke detectors and remind them you provide them but they have charged batteries in them. It also reminds them the owner’s insurance doesn’t cover their personal belongings. We don’t require renters insurance but we do inform them of the need to get coverage. They sign this at move in, documenting the discussion so they can’t blame you if something happens to their contents.
Protect Yourself From Tenants
The longer you’re in property management the more you realize that it’s sticky, often hostile, and sometimes even litigious. Over 35 years we’ve been burned many times by tenants and after the second or third time (we’re slow learners), we go back to the attorney and have them draft a document that prevents it from ever happening again. Blaming the property manager has reached an all-time high and isn’t going away anytime soon. So, understanding this reality, smart managers need to spend extra time, money and effort building and crafting documents designed to protect themselves, even from those they are trying to serve. We’ve pulled these documents from our archives and have listed them here for your review and individual download (or in packages by topic). We’ve laid them out in the Property Management Life Cycle categories to give the discussion some order.
Protecting yourself from tenants is what these documents are all about.