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Updated over 6 years ago on . Most recent reply

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Martin Kimmel
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6
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Listing Rent in Lease Agreement

Martin Kimmel
Posted

I am a new landlord about to have my first lease signed. I'm wondering about listing rent in my lease agreement. We have agreed on $1400 plus $20 x 2 for their two pets so $1440 total. In the agreement do I state that amount or do I state $1400 and have the additional fees covered under the attached pet addendum? I'm no lawyer but to me it reads that I should state $1440 in the actual lease because it says "Rent and additional fees are collectively referred to as "RENT"." 

What happens if the tenant get's rid of a pet for whatever reason? Do we need to sign some sort of amendment to the lease where I state the lease is being reduced by $20?

Any other advice for a new landlord going though the lease process for the first time as a lessor?

Thanks,

Marty

Most Popular Reply

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868
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Tracy Streich
  • Real Estate Broker
  • Tulsa- OKC Oklahoma
801
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868
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Tracy Streich
  • Real Estate Broker
  • Tulsa- OKC Oklahoma
Replied

We list them separately in all our leases.  You can do  an addendum or just add it as an additional paragraph right after the lease amount.   Lease amount is $1440 per month.   Additional fees apply of $20 per pet with a max of 2 pets allowed.  I would list the specific pet you have approved.   If you have approved 2 Yorkies you don't want them to just change them out for a Great Dane!

  • Tracy Streich
  • [email protected]
  • 918-728-8080
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