Here you will find out the crucial tips to pet friendly rentals. There are many landlords who do not allow renters to bring pets into their homes. However, sometimes the best tenant is one with a pet. Good tenants with good pets are an excellent source of income (as you can charge additional rent) and aren’t really much more of a threat to your property than anyone else.
However, if you’re going to allow someone to keep a pet on your property, there are certain steps that you will need to take in order to make it pet-friendly and to make sure that all transactions go smoothly.
Get a Separate Pet Agreement with your Lease
Because of the additional risks to property often associated with pets, it is in your best interest to require the tenant to sign a separate pet agreement. This is usually accompanied by a pet deposit and an agreement of liability for any pet-related damages upon vacating the property. Most property management companies already have these agreements drawn up. If you manage the property yourself, you can download a form online at Ezlandlordforms.com or ask your attorney for one.
Forbid Dog Breeds that Complicate Your Insurance
Most insurance companies have policies that ban dogs which have been labeled as dangerous. The following dogs are considered dangerous by most insurers: Pit Bulls, Staffordshire Terriers, Chows, Rottweiler’s, Dobermans, and mixed wolf breeds are typically banned. Do not allow these dogs to be on your property, or you may find yourself canceled by your insurance company, and liable for a lawsuit if the dogs attack someone.
Require Licenses and Vaccinations
Make sure that you require your tenants to provide their pets license and a full history of vaccinations before you allow them to move in. This will avoid some insurance and liability issues, will reassure you that the pet is legal and free of disease that could spread to humans, and is in generally good health.
Make Your Home Pet-Friendly
There are several things you can do as a landlord to create pet friendly rentals. One of them is to install a dog run in the back or side yard. You can also install hardwood or tile flooring in most of the house. How about a separate dog wash area? As you can see you can get very creative with your rentals and attract tons of pet loving tenants.
If you follow these simple tips, then pets should not be a problem when it comes to renting your home! And by allowing them you will receive a nice boost to your rent roll. Most tenant’s pets are like their kids and they will pay extra for pet friendly amenities. So don’t over look this option.
Eric Madrid is the founder of working-landlord.com
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