There is no doubt that pet deposits plague every homeowner who are moving to a new home with a pet. These deposits are normally charged with the security deposits prior to the tenant moving into the apartment. This deposit is essentially charged to safeguard the landlord from any damages that might construe due to the pet in question. The laws that govern pet deposits vary from state to state and in most cases they cannot be avoided as pets are considered to be a liability by the landlord, no matter how harmless and cuddly your pet might be.
Since many people are not aware of these formalities, they often end up paying substantial pet deposits and pet fees as it is not every day that a homeowner moves into a new home with a pet. This is exactly why we have articulated a list of common questions people ask about pet deposits. These questions are as follows:
- Why Do Landlords Charge A Pet Deposit In The First Place?
The first and most common question that homeowners are intrigued by is this: Why do landlords charge a certain amount for allowing a pet to reside inside the property? The reason is that a substantial amount of pet owners are extremely negligent about their pet’s behavior, these pets tend to damage the property in different ways. This is exactly why landlords charge this fee, in order to safeguard their interests if the pet damages the property in any way.
- How Much Is A Generic Pet Deposit?
As mentioned before, the law that governs pet deposits varies from state to state. So a pet deposit fee might be higher in certain states while it might be vice versa in other states. Although, generally speaking, a one-year lease would entail a $200 fee for pet deposits, this amount is refunded at the end of the lease if the pet does not damage the property.
- Is Pet Rent A More Viable Option?
Some landlords offer a pet rent which is added to the monthly rent. This amount depends on the market value of the property and the time frame of the lease. Under normal circumstances this amount is somewhere between $10.00 to $20.00 and the landlord has the freedom to charge more if they prefer. We would recommend opting for a one time pet deposit instead of a pet rent as with time the amount may exceed the pet deposit. Besides this pet rent is nonrefundable, so if even if your pet is well trained this amount will not be refunded.
- Can I Negotiate A Pet Deposit With My Landlord?
Yes since there is no generic amount for pet deposits a tenant can easily negotiate the price with the landlord. The success of your negotiation will depend largely on your negotiation skills and other factors which might show the landlord that your pet is well trained and harm less. Some of the factors that can be used as bargaining tools are mentioned below,
- Obedience training
- Renter’s insurance
- Pet interview with the landlord
By now, you should have attained enough knowledge to tackle this dilemma of pet deposits with ease. Hopefully, once this is sorted out, you and your furry friend will feel right at home!