There has always been a negative sentiment about allowing tenants to bring pets to a rental unit. This article will explain how to define what you want to allow, what approval you require, what you can request your tenant to pay as a pet deposit and if they should have an insurance for their pet or not.
Usually when you fill out a lease agreement you will be able to define these items below, so be aware of them. Within ManageCasa you will be able to store this information as well under 'lease terms'.
Allowing tenants to bring pets will broaden your tenant pool and can also lower tenant turnover. But downsides include risks, such as damage to property or injury to neighbors. Make your pet policy clear to future tenants. Use the various options outlined below and choose a pet policy you feel confident in.
Option 1: Only allow pets of certain size/weight or breeds
This is the most common policy for landlords who allow pets. Understand that certain animals and breeds can be more aggressive than others. Also keep in mind the size of the property compared to the size of the pet.
Option 2: Require pet approval
Some landlords keep an open-pet policy. Tenants who wish to move in with their pet must notify the landlord, and the landlord may approve if there seems to be no foreseeable problems (i.e. pets such as turtles or goldfish). Make it clear that if the pet causes any issues, the landlord has the right to terminate this open pet policy.
Option 3: Charge a pet fee
Some landlords charge a fee on top of the security deposit to protect them from additional wear and tear on the property potentially caused by the pet. Some landlords charge an exceptionally high fee to deter pets, or to cover more than what’s realistic for possible damages. Also keep in mind that charging an extra pet fee is not legal in some states.
Option 4: Make tenants have insurance to cover their pets
Landlords can require tenants to carry renters insurance that also covers the risk of pet injuries or damages.