Top Considerations To Make Before Renting A Property With A Pool

Posted by Madeline White on July 4th, 2023

Are you looking forward to renting your property that includes a pool? The first and foremost thing that you need to understand is that the property is of high value only because you have a pool on it.

Tenants can take it as an ultimate rental property amenity and envision themselves hosting their neighbours with barbecues near the water, helping their kids learn how to swim, or spending a relaxing afternoon in the pool on a raft. But you, as a landlord, should always consider the risks of renting such a property.

If you want to manage it well, you should hire top professionals offering property management in Logan City. They can keep you away from all kinds of risks and help tenants manage their stay.

However, before you hire them, you should consider the below-mentioned factors to be safe with your steps:

Increased Property Owner Liability

In order to increase property owner liability, you should consider taking precautions to prevent injuries or deaths from taking place because of accidents in the swimming pool.

Further, you should also offer your tenants a list of pool safety requirements at the time of welcoming them to your property. You should also consider quickly fixing all kinds of problems on your property to ensure a comfortable stay for your tenants.

Planning for Added Insurance Requirements

As a landlord, you must know that you will need extra insurance for the pool on your property. Thus, before building a swimming pool on your property or purchasing one with a pool, you should contact your insurance provider and get additional insurance.

Ask them about how the policy covers damage to in-ground pools. You can also ask them if your insurance policy covers damage to above-ground swimming pools.

Including a Lease Addendum

If you want to safeguard yourself from liability, you should consider adding a swimming pool addendum to the lease agreement. You can use this addendum to educate tenants on their responsibilities on the property, mainly covering the swimming pool area.

You can choose to hire a proper management agency in Logan City to include an addendum in your lease agreement in the perfect manner and let the professionals guide your tenants responsibly.

Property management is considered one of the main things that your property needs. If it has a swimming pool, the level of management gets doubled.

At this point, not only do you need to help your tenants understand their responsibilities on the property and other rules and regulations, but you also need to do the same for them considering the swimming pool area. Thus, hire the best property management professionals to take on the entire work responsibly on their shoulders.