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#262040 - 11/29/08 11:50 AM Pet deposit...
sguerra923 Offline
Member

Registered: 03/05/07
Posts: 81
Loc: SoCal
Hi guys gals.. my tenant wants to get a pet which I said was okay.. I was curious what is the common way of handling this situation in terms of how much I should charge for a deposit. I know it probably varies but its a 2 story house 1,800 sq and he said its not going to be inside the house. I did some searching online and people are saying $250 deposit and $250 non-refundable? And some are charging an extra month to month rent for the dog.. Thanks

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#262043 - 11/29/08 12:11 PM Re: Pet deposit... [Re: sguerra923]
Vermont Offline
Veteran Member

Registered: 04/12/08
Posts: 1062
Loc: Glover, Vermont
You already said "okay" without any of these stipulations ?

If the Dog is not going to be in the house, what happens if neighbors complain ?

Why should the $250 be Non-Refundable ? The place might be left in pristine condition; in which case, there there should be no penalty.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#262047 - 11/29/08 01:07 PM Re: Pet deposit... [Re: Vermont]
sguerra923 Offline
Member

Registered: 03/05/07
Posts: 81
Loc: SoCal
Originally Posted By: Vermont
You already said "okay" without any of these stipulations ?

If the Dog is not going to be in the house, what happens if neighbors complain ?

Why should the $250 be Non-Refundable ? The place might be left in pristine condition; in which case, there there should be no penalty.


Oh my gawd! Why are you attacking me? I said its okay yes but I told him that I will set the contract/rules and the amount of the deposit. Geez im asking for advice for what is a good range to charge for pet deposit. And that $250 non-refundable was something I googled and read about what some landlords are doing.. so please read my posting again..

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#266135 - 12/24/08 11:17 AM Re: Pet deposit... [Re: sguerra923]
Pinehurst RE Guy Offline
Veteran Member

Registered: 03/12/08
Posts: 532
Loc: Pinehurst, NC
I don't think that was an attack - I could be wrong - but I don't think so.

As for the house being left in pristine condition - to someone with allergies that is all but an impossibility, so that will affect your rental possibilities after the current tenant moves out.

I feel you are on the right track - you have to make money and protect your interests - if your tenants don't agree then they can exercise the options available.

The neighbor situation shouldn't be a big worry uncles you are in a gated community - as it will be a civil issue the tenants will have to take care of.
_________________________
Pinehurst Real Estate Guy
Pinehurst Real Estate
Pinehurst Home Inspector

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