Landlord tips to allow pets in a lease agreement

[Jeramy Jasmann]

We have a single family residential property with a large fenced backyard great for dogs. We are open to dogs and other pets such as cats and hamsters (no birds). Are there any suggestions on what needs to be defined in the lease regarding this and suggestions on whether increased monthly charge or an additional "pet deposit" is best for protection of our property?

[Greg Scott]

Best protection for you is to check with your insurance and see if any breeds would not be covered under your plan's liability protection.  Otherwise, knock yourself out. 

Pet fees, pet rent, and pet deposits are all up to you.