Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

46
Posts
15
Votes
Maxim Lorenz
  • Rental Property Investor
  • Colorado
15
Votes |
46
Posts

How to address fish tank in rental?

Maxim Lorenz
  • Rental Property Investor
  • Colorado
Posted

I have a tenant in Texas who to this day has been great, always pays rent on time, receptive of rent raises, and overall transparent and takes care of the property. Our lease is set to expire 30 Sep 2022 and we renewed starting 1 Oct 22 with 3% rent raise. Today the tenant wrote me apologizing that he made an honest mistake of getting a fish tank a few months ago, which is prohibited per our lease and asks how I would like to handle it and whether I want a pet deposit. I am thinking of amending our upcoming lease with a clause of allowing the tenant to keep the fish and to ask for additional deposit. My concern of course if not the fish, but the tank (not sure of the size) and what happens if it bursts/leaks. What do you guys think? I do asks for pet deposit (tenant does not have any pets and now just the fish) and I do require renter's insurance per lease. Should I amend the lease asking for additional deposit and if so how much? I understand that renter's insurance will not cover damages to dwelling hence my concerns. Thanks.  

Most Popular Reply

User Stats

7,938
Posts
9,801
Votes
Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
9,801
Votes |
7,938
Posts
Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

If the tank is above standard size (20 gallons) then ask them to get renters insurance and name you as an additional insured. If it’s 20 gallons or less I’d just let it slide sssuming you have a decent security deposit already from this “great tenant”. You already let them off the hook with a 3% raise in an era of 10-20-% rent increase. (Make sue you catch up next year before you get toooo far behind.) but, they were honest about it and it has a 99% chance of being the least destructive pet. 

Loading replies...