What to do with pet fees and security deposit for a second year

6 Replies

Hi everyone, 

My tenant's lease is about to expire. If they decide to stay for another year, do I charge them again for pet fee for the new year? I am planning to hold onto the security deposit from last year and charge them $0 on security deposit for the new year. Is that right? 

Thank you!

You typically only charge one security deposit. Is the pet a pet fee or deposit? What does the terms of your lease state? If it doesn't specifically say that the pet fee is due upon renewal of lease, then they may view it as only a one-time fee.

@Ray Harrell , here is the wording of on my lease: 

"Pets. Pets shall not be allowed without the prior written consent of Landlord and at Landlord’s absolute discretion. If permitted by Landlord, at the time of signing this lease, Tenant shall pay to Landlord a non-refundable deposit of $________ per pet. This amount is in addition to any other security deposit stated in this lease. Pet deposit will be held in trust by Landlord with security deposit for duration of lease. Any Tenant who wishes to keep a pet in the rented unit must sign a pet agreement addendum. If a Tenant allows more pets that are stated on the pet agreement addendum, Landlord may terminate the lease agreement with no return of any security. Tenant shall be responsible for the animal, its behavior, and any damage done by the animal. The Landlord shall have the right to withdraw consent and demand removal of any previously permitted animal upon the first complaint registered against such animal or upon evidence of injury or damage to person or property caused by the animal. Pet deposit is due prior to key pick up. Keys to the property will be withheld until all deposits are paid to Landlord."

@Kim Meredith Hampton . Thanks Kim. I understand that's the case for security deposit. What about for the non-refundable pet deposit? Same thing? Just charge once, but keep the wording on the lease? 

Originally posted by @Jia Liu :

@Kim Meredith Hampton . Thanks Kim. I understand that's the case for security deposit. What about for the non-refundable pet deposit? Same thing? Just charge once, but keep the wording on the lease? 

 Yes, keep the same, but change your wording; pet fee. Fees are non refundable, but deposits are refundable. It’s all in the wording 

Kim Meredith Hampton, Real Estate Agent in FL (#BK0601196)
407-253-9324

For what it’s worth I charge pet fees not deposits so they are non-refundable and per pet. I am co soldering charging pet rent in the future.

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