Investor · Fort Worth, TX & Bristol TN · Member since 2024 · 56 posts · 16 votes
My tenant of 1 year wants to add a partner and 2 cats to lease agreement. He's been good so far. Should I charge any extra for the person? How much should I charge for the cats?
1. You should require the new person to apply, pass your screening, and sign the lease. Do not allow new roommates that haven't been approved by you and added to the lease.
2. Your screening should include screening the pets. Are they fixed? Current on vaccinations? Does the applicant have a landlord willing to confirm they didn't cause damage/odor? I wouldn't approve without that.
3. Yes, the fees seem reasonable. Keep in mind a "deposit" is refundable, while a "fee" is not.
It is in your inbox Heath, Granted this is a standardized PA form, it gives you a good idea on how to draft one. I am sure if you search for standardized RE rental forms in your state you will find one very similar. Hope this helps.
This is still your property so you need to have them still fill out a application. DO NOT just let them "add" someone to the lease agreement without screening them.
Yes to the cats - just charge a nonrefundable pet deposit and $10/cat monthly fee
It is in your inbox Heath, Granted this is a standardized PA form, it gives you a good idea on how to draft one. I am sure if you search for standardized RE rental forms in your state you will find one very similar. Hope this helps.
They have all rental forms for each State in the Manage Properties section of BiggerPockets website.
1. You should require the new person to apply, pass your screening, and sign the lease. Do not allow new roommates that haven't been approved by you and added to the lease.
2. Your screening should include screening the pets. Are they fixed? Current on vaccinations? Does the applicant have a landlord willing to confirm they didn't cause damage/odor? I wouldn't approve without that.
3. Yes, the fees seem reasonable. Keep in mind a "deposit" is refundable, while a "fee" is not.
@Heath D Wallace Cats can damage your property if not maintained correctly, if your apartment has carpet then cat urine is can get soaked in it if the cat pees on your floor. It stinks and is hard to get out. However, you'll never have to worry about a rodent problem in your house because you have the best rodent exterminators in the market. At least in that apartment. I charge a $25/mo per pet. Aniciplate scratched moulding and the pee, that's about it.
@Heath D Wallace Cats can damage your property if not maintained correctly, if your apartment has carpet then cat urine is can get soaked in it if the cat pees on your floor. It stinks and is hard to get out. However, you'll never have to worry about a rodent problem in your house because you have the best rodent exterminators in the market. At least in that apartment. I charge a $25/mo per pet. Aniciplate scratched moulding and the pee, that's about it.
I always thought cats were pretty good with using the litter box.
@Heath D Wallace Cats can damage your property if not maintained correctly, if your apartment has carpet then cat urine is can get soaked in it if the cat pees on your floor. It stinks and is hard to get out. However, you'll never have to worry about a rodent problem in your house because you have the best rodent exterminators in the market. At least in that apartment. I charge a $25/mo per pet. Aniciplate scratched moulding and the pee, that's about it.
I always thought cats were pretty good with using the litter box.
They are, sometimes when they're stressed out they can urinate anywhere. For example, your tenant will change their cat's environment by moving to your apartment. Cats HATE changes to their environment because it's not familiar to them. They could miss the litter box on purpose or pee in a corner. Most cat owners are aware of this anyways but its a scenario that happens. I love cats and I love when tenants have cats too. They're great!
1. $350 pet fee per pet. Fee is non-refundable. Cats do more damage than dogs in my opinion.
2. Screen new tenant. Charge application fee. And add an additional security deposit, but more importantly is "Why". Why is this new partner wanting to be added to the lease. Try to understand the relationship and what's going go. Make sure it makes sense.
I usually don't allow pets. But if they want to add another partner and pets I would do the following:
1. New tenant application - check all background, credit, criminal, eviction, etc. Today they are in love, tomorrow they hate each other, you dont want to be left with the bad egg. both applicants need to be solid.
2. Do a walkthrough of their current place. How do they keep the place up? I personally don't care about pets as long as the owners are clean and organized. But I likely wont keep a german shephard in a 700sqft 2 bed 1 bath. Big dogs need big homes and big spaces. 2 cats is fine.
3. $500 refundable pet deposit. This is IF all other criteria is solid. I had people with pets that kept house cleaner than those without. Its not the pet, its the owner. they shouldn't be penalized for owning a pet if they take care of their place.
I usually don't allow pets. But if they want to add another partner and pets I would do the following:
1. New tenant application - check all background, credit, criminal, eviction, etc. Today they are in love, tomorrow they hate each other, you dont want to be left with the bad egg. both applicants need to be solid.
2. Do a walkthrough of their current place. How do they keep the place up? I personally don't care about pets as long as the owners are clean and organized. But I likely wont keep a german shephard in a 700sqft 2 bed 1 bath. Big dogs need big homes and big spaces. 2 cats is fine.
3. $500 refundable pet deposit. This is IF all other criteria is solid. I had people with pets that kept house cleaner than those without. Its not the pet, its the owner. they shouldn't be penalized for owning a pet if they take care of their place.
I'm definitely doing all of this, except the walk-through, only because I'm out of state.
Cats can be great, or they can do incredible amounts of damage.
You must either increase your damage deposit, or charge a hefty non-refundable fee. I once had a judge completely ignore my 4k of documented cat damages. Non refundable may be the way to go. I would like to think a higher damage deposit keeps people in line, but its really a crap shoot.
Fully screen the applicant, if passed, add both equally responsible to the lease.
1. $350 pet fee per pet. Fee is non-refundable. Cats do more damage than dogs in my opinion.
2. Screen new tenant. Charge application fee. And add an additional security deposit, but more importantly is "Why". Why is this new partner wanting to be added to the lease. Try to understand the relationship and what's going go. Make sure it makes sense.
They are more than likely in a romantic relationship.