What does "Pet Friendly" mean?
Allowing pets into a residential rental property can give landlords a huge advantage when renting a home. Having a pet friendly unit not only expands the pool of eligible applicants, but also decreases tenant turnover. Because the majority of landlords have policies against pets, a pet owner's options for rental units are limited. Typically, if a renter finds a suitable pet friendly home, they are more apt to stay there for a longer period of time. Although, allowing pets may have its advantages, be forewarned, if the property owner isn't careful with the pet agreement, they may be dealing with more damages than they anticipated.
The first step a landlord should take when allowing animals to live in a rental is put it in writing. Carefully describe the specific rules and policies the tenant must abide by to keep a pet. This includes items such as: the number of pets a tenant may have, the species of pets allowed, weight limit, and/or any breed specific ban. Be sure to state the responsibilities of the pet owner. Make your pet acceptance policy crystal clear that the tenant is responsible for controlling and cleaning up after the animal.
Another option would be to include a clause in your lease agreement that states all pets must be approved by the landlord. This allows you the opportunity to meet the pet and get a good idea of their temperament and behavior before allowing the animal onto your rental property.
The second step would be to get a copy of the vaccinations and registration for the animal(s). Make it clear in the agreement that all pets in the unit must wear their identification tags along with the vaccination tags. Most landlords charge a pet deposit or a pet rent. A pet deposit, either refundable or non refundable, are for any damages caused by the pet.
Another option is to charge "pet rent," this is a specified amount that is added onto each months rent. It is true there are many well behaved pets that will not damage property, but from a landlord's standpoint, it is always best to prepare for the worst. Charging a pet rent or deposit simply acts as insurance or collateral for any damages that may be caused by a pet. Check to make sure your State does not have a specific law determining the collection of security deposits.
