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Updated about 8 years ago on . Most recent reply

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Kenny Ness
  • Investor
  • Ellicott City, MD
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How much should pet security deposit be? in Maryland Elkridge

Kenny Ness
  • Investor
  • Ellicott City, MD
Posted

Hi all I own a Condo I rent out in Elkridge Maryland 21075.  Im currently looking for a new tenant and i have one from the miltary that has two small dogs 10 LBS and 18 LBS. i normally say no to pets but its now been two months looking for a tenant and I like how this person is form fort Meade base because i know she will be able to pay rent each month. I have two questions.  What amount of pet security deposit do you recommend and how long does it topically take to find a new tenant in MD for you?

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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

Be careful. Using pet "deposit" may mean returning it if no damages. If you are charging a pet "fee" make sure you put that in the lease as a non-refundable pet fee. Other wise, you could be liable for return of a pet "deposit". 

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