From accidents to fur or hair, your rental may require extra cleaning to get rid of unpleasant smells.īother tenants with allergies. Occasionally, pets can leave odors behind. If there are multiple units on the property, or if there are neighbors nearby, noise can be a concern. But any pet poses a risk - even an aquarium can cause damage if there’s an accident.ĭisturb the neighbors or other tenants. Animals like dogs and cats can chew, scratch and stain the surfaces in your rental. There’s a chance your tenant’s pet may:ĭamage your rental property. However, allowing pets in rentals does come with risks. You’ll have fewer instances of tenants sneaking pets onto the property and will be aware of the type and number of pets living on-site. Tenants are more likely to be upfront about their pets if you allow them from the start. Over a third (37%) of renters are single or never married 2 - but 46% of renters have pets.ĭecreased chance of unknown pets. Animals are known to reduce stress and can help a property feel like a home. Since pets require maintenance and attention, a pet owner may be more likely to show the same care and responsibility when it comes to your rental property. Renters with pets fill out 1.6 times as many applications, 1 on average, than renters who don’t own pets. Since pet owners often have a harder time finding a rental than those without pets, you may find that pet owners renew leases more frequently than renters without pets. And if there aren’t any pet damages, you’ll end up with additional rental income. Many landlords who allow pets charge a pet deposit, pet fee or additional pet rent each month. If you allow pets, your rental will appeal to a larger audience and help ensure you find a great renter for your property. Many applicants are only interested in renting a house with pets and won’t even consider applying if you have a no-pet policy. There are several benefits to allowing pets in rentals, including:Ī larger pool of applicants. Get all the information you need about pets and service animals at your rental property in one convenient package: Download our free pets eBook! Benefits of allowing pets in rentals If you find yourself wondering, “Should I allow pets in my rental property?” then you’re in the right place. Because of this, planning ahead, establishing rules and requirements, and creating a pet agreement are essential for landlords who are renting to tenants with pets. While allowing pets in your rental property gives you access to a broader pool of potential tenants, it also comes with additional risks. According to the Zillow Group Consumer Housing Trends Report 2019 survey data, 46% of renters live with pets - and 48% list allowing pets as a requirement for their next rental. So much, in fact, that many pet owners won’t even consider a rental property that isn’t pet friendly. Should you charge a separate pet deposit, pet rent or pet fee?.Tenant requirements to include in a pet addendum.
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