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ManagementManagement

Rental Property Pet Policies

Jan 19, 2020by Angela

 
ManagementManagement

Rental Property Pet Policies

Jan 19, 2020by Angela

Furry, fun loving and potentially a little flippant, pets are likely to be the least responsible tenant living at your property. But, they are undoubtably a member of the family.

Here are a few best practices for consideration when managing a rental property to ensure your tenant's family stays together... while also protecting your property:

  • It's ok to have boundaries on what types of pets you allow. Certain breeds and certain animals are just not compatible with certain properties. During the application process talk through what animals the potential tenant already has and assess if their pets would be a good fit (pun intended) for the property.

  • Research local pet regulations. Did you know that in many cities you can be fined for not picking up after your pet? Or that if your property is managed by an HOA, there could be pet vaccination requirements? Take time to understand local regulations and requirements... and inform your tenants about them as well.

  • Cover the extra cost of having a pet occupy your property. You will likely incur at least a few extra expenses as a direct result of a four legged tenant. Most landlords cover their costs in two ways:

    1. Pet Deposit - In addition to a normal security deposit consider requiring a Pet Deposit or a non-refundable "Pet Fee" upon move in.

    2. Pet Rent - A small assessment of additional rent to cover any furry friends, generally around $25/month.
  • Set expectations of notification regarding new pets... and be clear about what pets are not allowed. Hopefully your tenant will consult with you before bringing home a new furry friend... but don't assume and communicate up front your expectations about being informed of new pets and about any pets you just cannot allow.

  • Make sure your lease has a "Pet Addendum." Formalize your pet expectations including deposits or fees, pet rent, vaccinations, insurance, new pet notification requirements and permissible pets in your lease. Our friends at LegalTemplates make it easy to build one to suit your specific needs!

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