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How do I edit the lease length and add a laundry room?

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December 16 2012 - Loomis
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Answers (1)

To change the lease length, you have to first make sure your current lease has expired, or at the least and if it hasn't, then discuss with your tenant verbally and agree to change the lease.  If they are amenable, then create an addendum to the lease and have it executed by both parties.  It's pretty easy and can be done by yourself.

Adding a laundry room is a little more complicated and depends on if your adding size or increasing the structure.  If so, then talk to your local government about permits and a contractor to do the work.  Make sure it is worth the return on your investment.

The best place to go to see if you are getting a fair price with contractors is to check the RS Book of Means.  It's the national average guide to contractor prices for both materials and labor.  



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December 16 2012
 
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Latest answer by belltavernproperties
December 16 2012 | 3 answers
  • Asked by user1967191
  • In Rentals
  • December 12 2012
How do I edit the lease length and add a laundry room?
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Latest answer by belltavernproperties
December 16 2012 | 1 answers
  • Asked by user1967191
  • In Rentals
  • December 16 2012
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