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Updated over 5 years ago on . Most recent reply

User Stats

155
Posts
34
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Blake King
  • Investor
  • Seattle, WA
34
Votes |
155
Posts

Non-refundable damage deposits?

Blake King
  • Investor
  • Seattle, WA
Posted

Hi everyone!

This is my first time starting a new lease that was not an inherited tenant. Luckily i got pretty lucky with the inherited tenants, i know thats usually against the rules ;) 

I am looking for advice on damage deposits and non refundable damage deposits more specifically. My father owns a few properties in Marysville, my property is in Mt. Vernon. My father told me to collect $300 as a non -returnable fee, for cleaning etc, as well as first months rent of course ($1200), a $900 refundable security deposit (with the fee totaling 1200) . They also have a small dog, so we are charging them only $20 / month pet fee, as well as $200 non refundable pet fee and $800 refundable pet deposit.

I am not sure about all of these non refundable fees and deposits. I want to make sure i am covered, but we also are renting to mutual friends, which i was unsure about. Is this pretty standard to have non refundable fees for cleaning etc? 


Thanks for the help!

Most Popular Reply

User Stats

1,557
Posts
1,142
Votes
Jacob Sampson
  • Investor
  • Topeka, KS
1,142
Votes |
1,557
Posts
Jacob Sampson
  • Investor
  • Topeka, KS
Replied

Oh and don't rent to friends or family.

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