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ADVANTAGES OF ALLOWING PETS
Lots of potential tenants have pets, so
allowing pets makes your property available to a much larger pool
of potential tenants, and thereby increases your chances of
renting your home faster and even for slightly higher prices.
This is especially important if you have older carpet which could
discourage non-pet owners from renting. Plus, if you already have
pets, your home may be more likely to appeal to another pet
owner.
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DISADVANTAGES OF ALLOWING PETS
There is a greater chance of damage to
your home when pets are present. And it may be difficult to
recover the full replacement cost for older items, such as
carpet, if they are damaged by pets. It is unlikely that a
tenant's deposit would be enough to pay for new carpet, and in
court, judges are likely to award only a pro-rated amount, based
on the remaining life of the carpet. |
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OUR RECOMMENDATION
Because of the potential risk involved, we
strongly recommend against allowing
pets into a rental property. Damage from pets can easily exceed a
tenant's security deposit. Many times damage such as pet odor and
flea infestation can be hidden at the time of move-out and,
therefore, not noted on the final inspection in time to make
deductions from a tenant's security deposit.
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PRECAUTIONS WE TAKE
We only recommend allowing adult pets
whose behavior we can verify through the tenant's previous rental
history. If you decide to allow pets, we take extra precautions,
such as charging a non-refundable pet fee. This fee is used at
the end of the lease to treat both the interior and exterior for
fleas. The tenants are still responsible for having the carpet
professionally cleaned at the end of the lease. If damage does
occur, we will make deductions from the tenant's deposit, and
proceed with court action, if the damage exceeds their deposit. |
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