Finding tenants for a property can be hard for some landlords. After all, not every property in the world is in the centre of a city and close to everything a person could need. Some properties are in distant neighbourhoods and this makes it more difficult to rent them out. Some landlords have found a solution, by turning their properties into pet friendly, and this way many people with pets are interested in renting. But having pets in your rental property can have a lot of bad sides, because pets can do a lot of harm to the furniture and the apartment itself. This is why, if you are determined to do this, you'll have to learn how to limit the damage done by pets in a rental property. Let's see a few things you could do.
The lease agreement. The lease agreement you give to your tenants is your guarantee that they won't damage your property and that they will pay their rent always on time. But, if you've decided to make your property pet friendly, you can include a special clause in the agreement specifically targeted to the possible damage, done by the pets. There you can establish adequate penalties and fees for kinds of damage, consult it with the tenant and a legal advisor, and sign it.
Security deposit. When you allow pets in your rental property, you should have in mind that even if the pet is well trained, it's possible that there will be damage. As a landlord, you have the right to demand a special non-refundable pet deposit, which will cover the expenses around the repairs you'll need to make after the end of lease. This way you won't have to worry too much if your apartment is being damaged.
Insurance. Some landlords find it very useful to buy an insurance policy for their rental property. The biggest problem is that many companies won't agree to include a clause about pet damage in the contract. But if you look hard enough, you'll surely find a few which will be more reasonable and will agree. After all, if you have a strong clause about the pets in the lease agreement, the risk for the insurance company is a lot smaller.
Regular cleaning on demand. If you want to be sure that the damage done to your rental property is limited, you should conduct regular checks to make sure that the condition of the property is the same as it always was. You can also demand for a professional cleaning to be performed each year, and an
end of lease cleaning to be performed when the tenants are moving out. You can add all these to the lease agreement you sign. End of lease cleaning is a standard procedure, but there are some special things the company can do, when pet damage is involved, so it's good to have that emphasized.
Limit the space. Also, one good way to limit the damage done by pets in your rental property, is to limit the space the pet will be allowed in. For instance, you can make the bedrooms forbidden for cats and dogs. Or, if you're really worried about your property, you can allow pets only on the terrace or the balcony, if they are enclosed somehow and secured. It all depends on your own preferences and beliefs.
There are not many landlords who would agree to give their property for rent to people with pets, so it will be an advantage if you do. Just make sure that you're prepared for the possible damage done by them.
Comments 4
This blog is very helpfully for tenant. I agree to all tips. This can help you to leave your property with all your bond money back.
This blog is very helpfully. Thank you such a good information
Thanks for sharing blog. this blog is very helpful.
Really helpful.