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Updated about 7 years ago on . Most recent reply
When renewing a lease, do you have tenant pay pet deposit again?
Tenant paid the pet deposit when they moved in a year ago and would like to renew the release. Do you typically have them pay a pet deposit again upon renewal?
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No, it's a one-time deal.
For clarification: pet deposits are collected as additional security against damages (just like the security deposit) but are generally refundable. Many states require you to refund anything labeled as a "deposit".
A pet fee or pet rent can be charged for the right to have a pet in the home and these funds are generally retained by the Landlord.
Pet fees and pet rent should be clearly disclosed as non-refundable in the lease agreement to avoid confusion.
- Nathan Gesner
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The DIY Landlord Book
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