Updated about 9 years ago on . Most recent reply
Tenants deposits and pets
Hey BP friends, I am going to be the owner of a rental property very soon. With that I will be needing to find renters for my unoccupied space. What is typical of asking a tenant to secure a place, First months rent and a security deposit? Also if they have pets, are there restrictions that anyone recommends placing; like no cats, dogs under a certain weight and breed restrictions and a non refundable pet deposit? Amount?
Most Popular Reply
You will need to check what is normal for the area as far as deposit etc.
You will not be competitive if you are asking what is common in a different state, but overboard for your area.
Rentals that allow pets are less common (at least where I am) and can be a selling point. You may even be able to add a $200 pet deposit then have something along the lines of a monthly $25 pet fee.
I would probably set a weight limit around 25lbs.