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Updated over 7 years ago on . Most recent reply

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Carolyn Keller
  • Investor
  • Turtle Creek, PA
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Extra sec. dep. when lease renews for new baby?

Carolyn Keller
  • Investor
  • Turtle Creek, PA
Posted

Hi:

Pretty sure my excellent tenants have a new baby, in addition to their toddler.

Want to possibly ask for more of security deposit with this new baby as we all know kids and the damage they cause to rentals. 

Has anyone else done this? and do you put the names of the children on the lease as minors or just mention two children in a general way?

Thank you!

Most Popular Reply

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Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
2,112
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2,624
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Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
Replied

Hello Carolyn,

If you want to risk the opportunity of having a fair housing law suit I would move pass asking for any additional deposit on the property. If you feel like more children will cause more damage then just schedule more interior inspections.

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Engel & Völkers | St. Pete
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