Should I charge pet fee again with lease renewal?
Hello everyone,
Hope you are having a productive day! Just have a quick question about lease renewals.
The lease on my first rental property is coming to an end and my tenants already decided that they wanted to stay another year. Yay! With that being said, I have increased the rent $45/month. I have decided that I will not collect the difference with the security deposit but I will collect the difference with the last month's rent that I originally collected.
Now I'm wondering if I should charge them the full non-refundable pet fee again for the second year? Or should I just keep the original one I collected when they moved in?
I searched the forums but could not find any opinions on this.
What is your take on this matter? I'm curious to know!