What to do with pet fees and security deposit for a second year

[Jia Liu]

Hi everyone, 

My tenant's lease is about to expire. If they decide to stay for another year, do I charge them again for pet fee for the new year? I am planning to hold onto the security deposit from last year and charge them $0 on security deposit for the new year. Is that right? 

Thank you!

[Ray Harrell]

You typically only charge one security deposit. Is the pet a pet fee or deposit? What does the terms of your lease state? If it doesn't specifically say that the pet fee is due upon renewal of lease, then they may view it as only a one-time fee.