New Jersey Pet Deposit/Additional Rent
In New Jersey it states that you can collect a pet deposit as long as the total security deposit does not go over the month and half maximum allowed by law. I require a month and half security deposit standard for my properties. Now I have a prospective tenant that has two small dogs that wish to rent the apartment. Since I can't collect an additional security/pet deposit, I was thinking of adding on an additional $25/dog for rent.
Does that sound feasible? What have others done in this situation?
Thanks,
-jbw
Most Popular Reply
Consider a one time "non-refundable pet fee" plus a monthly pet fee as well, depending on the animal. You want to be in line with the market also, what are other landlords in your area doing? Call some for-rent ads in your area and ask.