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Updated over 6 years ago on . Most recent reply
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Listing Rent in Lease Agreement
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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- Real Estate Broker
- Tulsa- OKC Oklahoma
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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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