Pet policy - advice please

[Mary Joe]

Hi All,  

Anything that I should be aware of before renting my condo to a tenant with pet?  It is a small dog, and he has all the shots and immunization papers.

The tenant is willing to add another month of security deposit in order to move in.

I always have a NO PET policy but now thinking of being a little flexible this time,  bad idea?

My concerns:

1) My condo has always been treated with pesticides over the years, I am worried his dog maybe allergic to the pesticides used in the apartment. 

2) Accidents do happen and the pet may release herself  on the floor, I have very basic laminate floors and I am worried the whole apartment will smell like pet urine one day.

3) My insurance policy has a pet exclusion clause, so maybe that is another sign to say NO to the tenant with pet?    I don't want the dog to bite others in the building and then there will be 3rd party liability exposure attribute back to the landlord in case there is a lawsuit.

These are my concerns, am I worrying too much?    Other than the fact that he has a pet, the tenant looks EXCELLENT on paper.  Hate to let go of a good tenant. 

Any advice would be appreciated.