03
May

Smoking Policy Lease Addendum

Recently, the City of Buffalo passed a law requiring all landlords to disclose their policy on smoking to tenants living in their apartments.  The law states that landlords must inform tenants if they can or can not smoke on the property, and if so, where they may do so.  More information on this law can be found on The Buffalo News website.

The law does not require this to be a written disclosure.  However, by having a written disclosure in place, landlords can save a lot of the “he said/she said” type arguments that would pop up from not having the policy clearly outlined.

How do you ensure written compliance?  I’ve designed a simple and straight forward lease addendum that can be added to any residential lease.  This addendum outlines the smoking policy for a building, and informs the tenant as to the penalties for breaking the policy.

A copy of the lease addendum in DOC format can be downloaded here:  Smoking Policy Addendum.

Share and Enjoy:
  • Twitter
  • Facebook
  • MySpace
  • email
  • StumbleUpon
  • Digg
  • del.icio.us
  • Google Bookmarks
  • Technorati
  • LinkedIn
  • Fark
24
Mar

Amanda’s Law Now In Effect!

Beginning February 22, 2010, Amanda’s Law is now in effect in the state of New York.  This law mandates the installation of a carbon monoxide detectors in every single family, two family, and multiple family dwellings, as well as in condominiums and cooperatives.  It also includes rooming houses.  The law applies to all structures regardless of date of build or date of sale.

Carbon Monoxide is a tasteless, colorless, odorless gas which is highly toxic.  Because it is tasteless, colorless and odorless, the only way to detect it is by using a carbon monoxide detector.  Detectors are available in battery operated (DC power), plug in (AC power), and hard wired versions.  In addition, they may be combined with a smoke detector.

Continue reading ‘Amanda’s Law Now In Effect!’

Share and Enjoy:
  • Twitter
  • Facebook
  • MySpace
  • email
  • StumbleUpon
  • Digg
  • del.icio.us
  • Google Bookmarks
  • Technorati
  • LinkedIn
  • Fark
29
Sep

Winter Is Coming – Stop Frozen Pipes Before They Start!

frozenpipeIt’s that time of year again here in Buffalo.  The weather is getting colder, and the leaves are starting to change.  Before you know it, we will be  under 2 feet of lake effect snow coming off Lake Erie!  Taking some time to prepare your plumbing before winter hits could save you a lot of headaches, and a LOT of money!

If you have a vacant property, it is a good idea to winterize your home prior to the snow actually arriving.  There are a lot of contractors that will provide this service, and the cost of the service certainly outweighs the cost of the damage that could result from not having a property properly winterized.  For the purposes of this article, let’s focus on occupied properties.

Continue reading ‘Winter Is Coming – Stop Frozen Pipes Before They Start!’

Share and Enjoy:
  • Twitter
  • Facebook
  • MySpace
  • email
  • StumbleUpon
  • Digg
  • del.icio.us
  • Google Bookmarks
  • Technorati
  • LinkedIn
  • Fark
15
Sep

Book Review: Property Management Accounting

buildiumbookRecently, I purchased a copy of “Property Management Accounting:  A Survival Guide For Non-Accountants” to help me gain a better understanding of how the financial transactions in the property management world work. I was not disappointed by this book in the least!

The first line of the introduction in this book says it all:  “In this day and age, we’re lucky to have software that takes care of the nuts and bolts of property management accounting.  The second line puts everything in perspective:  “But even with software, you’ll find it much easier to keep accurate records if you have an understanding of the basic accounting concepts upon which these programs are based.”  This book does just that.

Continue reading ‘Book Review: Property Management Accounting’

Share and Enjoy:
  • Twitter
  • Facebook
  • MySpace
  • email
  • StumbleUpon
  • Digg
  • del.icio.us
  • Google Bookmarks
  • Technorati
  • LinkedIn
  • Fark