As pet lovers we understand the feeling one gets when thinking about your furry friends. There is nothing quite like coming home to a happy dog! However, as pet owners, we are also aware of the time and attention properly caring for a pet requires. Though they can be a bundle of joy, pets can also be detrimental to the health of a property. Whats worse, there really is no fool proof screening process to determine whether any tenant is going to properly curb and clean up after their pet. Thus, we are inclined to have a firm No Pet policy at all of our properties. However, we do advise that if an owner is particularly open to allowing a pet on premises to forgo any payment of a Pet Deposit in favor of whats called a Pet Rent. The main difference between the two payments being that A) a deposit must, by definition, be assessed at the end of residency to be returned or forfeited by the tenant and B) a deposit is often a one time, lump sum payment versus a monthly paid Pet Rent. If you or your fellow property owners are especially inclined to allowing furry friends as tenants we support only the use of a monthly Pet Rent to protect you and your asset. Pet Rents can be determined at your discretion and with regards to size,breed, and disposition. It is also easier to reassess this amount in the future should you require an increase. Most importantly, a Pet Rent is just that- a rent- and cannot be demanded via refund by the tenant upon move-out. Don't risk a destroyed carpet, warped laminate floor, or smelly hardwood surface! Protect yourself and your property and ensure that if needed you will be able to replace items with as much mitigated cost to you as possible. Contact us for more information on how you can maneuver this and other tricky aspects of tenancy!
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