Parking is a highly disputed matter that causes potential issues between a landlord and a tenant. This is particularly accurate if there is limited space around your Loudon rental property or your tenants need parking for more than one or two vehicles. To avoid tenant frustration and minimize the occurrence of vehicles being parked indiscriminately, it’s vital to clearly outline the rules about vehicles and parking in your lease documents. Offering helpful parking solutions for your tenant is essential and a means to enhance their rental experience.
Parking by the Rules
Every rental property is distinct, which means that the availability of parking on or near your rental property will be unique to your situation. But no matter what type of property you own or how much parking is available, you should still include parking clauses in your lease agreement with tenants.
Several leases impose restrictions on the number of vehicles a tenant can park in a driveway or nearby locations. Some leases forbid tenants from parking oversized or recreational vehicles on the property, such as boats and RVs. However, depending on your specific circumstances, your lease agreement may need to encompass more than just those basic terms. Certain neighborhoods allow residents to park on the street – some don’t.
It’s also crucial to clarify areas where tenants cannot park, such as in the yard, near garbage cans, or on a neighboring property. By clearly laying out the parking rules and standards, you may eventually avoid many tenant disagreements about parking.
Parking Solutions
Occasionally, the presence of parking rules alone may not adequately cater to the needs of tenants. If your rental property is in an urban area, parking availability may be limited. Regardless of the location of your rental property, certain circumstances may result in limited space for your tenants to park their vehicles. In these cases, it is necessary that you explore creative ways to expand or upgrade your tenants’ parking options.
If your rental property comprises a single-family house with some land around it, you have several relatively inexpensive options to contemplate. If your property lacks covered parking or a garage, think about installing a carport near the house. Although carports are generally affordable, they have the potential to make your rental home much more attractive to tenants. It may even add to your resale value. Typically, renters prefer covered parking and are more willing to apply for a rental that provides this amenity. Just check your area’s zoning laws prior to commencing any construction project.
If a carport is not suitable for your rental property or if it does not have a generously sized driveway, another relatively inexpensive option to add more parking would be to create an area designated for parking vehicles. This space could be adjacent to the property and does not require any extravagant features. Nevertheless, it is also crucial to keep curb appeal in mind. Converting the front yard into a parking lot could perhaps increase the satisfaction of certain tenants. If available, it would be advisable to utilize a side or backyard space instead.
Property owners must get even more creative in developing reasonable parking solutions for rental properties with small yards, driveways, and narrow roads. An alternative is to rent parking from a neighbor or a nearby parking garage. If there is available space in a neighboring property that is not being utilized, they might be willing to let you lease it for your tenant’s use.
Meeting all your tenants’ needs can present issues, but rest assured that you have support. Real Property Management Marble City is available to assist you in discovering innovative and professional solutions for your parking issues. We offer the necessary knowledge and support you need to make your Loudon rental property more appealing to renters while also ensuring that their parking requirements are met. Contact us online or call 865-265-0535 today.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
