MF gets a lot of complaints about noise, odors, smoking/pet violations, parking issues, someone not cleaning up after themselves in the laundry room, etc.There are benefits to each and it depends on whether you are looking at it from the view of cash-flow or work-load.

Pets are not allowed by the lease. 

If your tenants don't behave you can get fined and have trouble...putting trash out on the wrong day, putting stuff on the balcony, disturbing the neighbors, parking in the wrong spots, some condos don't allow tenants to have pets, some tenants don't clean up after pets, and on and on and on when you get tenants residing a 2x4 away from the neighbor.   

Was really excited about the landlord forms.....mostly because i have a tenant wanting to add a pet.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Other notes: a few of the tenants appear to be less than desired, neglecting their pets, potential hording disorder that over flows to the exterior of the building.

The agent then told us that pets aren't an issue as they homeowners have two large dogs, we would just have to pay a pet fee on the cat and then on the dog whenever we got it.

To clarify, there are several things that a landlord (me) would put in the lease regarding when to pay rent, pet policy, military clauses, etc.However, I have a duplex that will soon be rented by two tenants and I want to make sure I have a set of rules for each tenant to abide by to 'keep the peace.' 

I have a philosophical question regarding my upcoming rental purchase:  I would like to rent it as pet and smoke free for obvious reasons.