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Heath D Wallace
  • Investor
  • Fort Worth, TX & Bristol TN
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54
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Adding a person & 2 cats to lease agreement

Heath D Wallace
  • Investor
  • Fort Worth, TX & Bristol TN
Posted

My tenant of 1 year wants to add a partner and 2 cats to lease agreement. He's been good so far.    Should I charge any extra for the person?  How much should I charge for the cats? 

  • Heath D Wallace
  • Most Popular Reply

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    Nathan Gesner
    • Real Estate Broker
    • Cody, WY
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    Nathan Gesner
    • Real Estate Broker
    • Cody, WY
    ModeratorReplied

    1. You should require the new person to apply, pass your screening, and sign the lease. Do not allow new roommates that haven't been approved by you and added to the lease.

    2. Your screening should include screening the pets. Are they fixed? Current on vaccinations? Does the applicant have a landlord willing to confirm they didn't cause damage/odor? I wouldn't approve without that.

    3. Yes, the fees seem reasonable. Keep in mind a "deposit" is refundable, while a "fee" is not.

    • Nathan Gesner
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    The DIY Landlord Book
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