Michael A. said you need to check your state and local landlord laws... Couple of ways to handle it... • Non refundable pet fee, plus monthly pet chargesI don't do this as yet, but we do charnge monthly pet charges of $15-25 per pet per month. If it's a huge dog we will charge $35 a month. • I don't do this as yet, but we do charnge monthly pet charges of $15-25 per pet per month. If it's a huge dog we will charge $35 a month. • Refundable pet security deposit, plus non refundable pet chargesWe charge $150 additional refundable security deposit, plus average $15-25 p/month p/pet charge that is non-refundable. • We charge $150 additional refundable security deposit, plus average $15-25 p/month p/pet charge that is non-refundable. • I don't do this as yet, but we do charnge monthly pet charges of $15-25 per pet per month. If it's a huge dog we will charge $35 a month. • We charge $150 additional refundable security deposit, plus average $15-25 p/month p/pet charge that is non-refundable. Really it's up to you what you want to charge.

Michael A. I required a non-refundable pet fee for my apartments. This fee covers some of the extra wear and tear on the place, but more importantly shows that the tenants are serious about pet ownership. If you ask for additional deposit, I would check with your state to ensure you are not exceeding the maximum allowable deposit. I also limit the number of pets per apartment, so that someone doesnt move in with one pet and end up with more.

Check your state landlord laws as they may set the limit of the pet deposit based on rent price. For me its 1/4 of the rent for the pet deposit, which is no refundable. I would write it into your lease as "fee" and not deposit as the tenant my think they are getting this money back.

Updated about 9 years ago on 07/19/2016. Most recent reply

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Michael A.Poster

Investor
Richmond, VA

General Landlording & Rental Properties

Per Deposit Amount?

Michael A.Poster

Investor
Richmond, VA

Posted July 19, 2016 10:56

Hello BP community, Any advice regarding amount to ask for pet deposit? SFH, $1350/mo, tenant will have 2 cats, we will keep one month's rent as security. let's assume credit/background/refs are good. Appreciate your advice and any problems/non-issues you've had renting to pet owners

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