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Updated about 7 years ago on . Most recent reply

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Steve S.
  • Dallas, TX
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When renewing a lease, do you have tenant pay pet deposit again?

Steve S.
  • Dallas, TX
Posted

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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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

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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