Pet fees allow Memphis landlords to protect their properties while welcoming more tenants. They help cover potential pet-related wear and tear and create clarity for both parties.
Pets are part of many families, and tenants often prefer rentals that welcome their furry friends. For landlords, allowing pets can increase demand and attract long-term renters, but it also introduces extra responsibilities.
Understanding how to set and manage pet fees helps protect your property and keep both tenants and owners satisfied. Read on to learn more.
What Are Pet Fees, and Why Do Landlords Charge Them?
A pet fee is something that tenants pay when they move in with one or more pets. It’s non-refundable and is a one-time deposit.
The fee is meant to cover extra cleaning or minor wear and tear caused by pets. Pet fees differ from pet deposits, which are refundable if no damage occurs.
Landlords charge pet fees to offset the potential risks that come with animals in a rental unit. Common concerns include the following:
- Scratched floors
- Stained carpets
- Lingering odors
The goal isn’t to discourage pet ownership but to ensure that landlords can maintain their properties in good condition.
In Memphis, many tenants expect a reasonable pet fee. Charging one shows that a landlord understands both sides and protects their investment while keeping the rental pet-friendly. When setting the amount, it’s smart to research local standards and ensure the policy complies with fair housing laws.
How Should Landlords Structure a Pet Policy for Rental Property?
Creating a clear and fair pet policy for rental property is essential. It helps prevent misunderstandings and sets expectations from the start. A well-written policy should outline what kinds of pets are allowed, such as specific sizes or breed restrictions, as well as specific rules for care and supervision.
As part of one’s landlord responsibilities, it’s also important to include the financial details, such as:
- The amount of the pet fee
- Whether a deposit or monthly pet rent applies
- How damages will be assessed
Details like these should be included in your tenant pet agreements to ensure legal protection for both sides.
Consistency is vital. If you have multiple rental units, make sure your policy applies equally to all tenants unless a valid reason requires an exception, such as a service or emotional support animal. Federal law prevents charging fees for verified service animals, so landlords must handle those situations carefully.
Teaming up with a professional property management team like Reedy & Company can make this process easier. They provide expert rental property management tips and help landlords design pet policies that protect investments while keeping tenants happy.
How Can Landlords Handle Pet Damages Fairly and Professionally?
Even with the best tenants, pet-related issues can happen. The way to do it is with professionalism and fairness.
Start by inspecting the property before move-in and after move-out. Keep detailed records and photos of the unit’s condition so that any handling pet damages claims are clear and supported by evidence.
If a pet causes damage during the lease, communicate with the tenant promptly. Sometimes, the problem can be resolved through cleaning or minor repairs. In more serious cases, you might need to use part of the security deposit or pet deposit to cover costs.
It’s important to stay calm and professional. Tenants are more likely to cooperate if you explain the issue with clarity and show documentation. A fair and transparent approach also helps maintain a positive landlord-tenant relationship.
Reedy & Company helps Memphis landlords manage these challenges with ease. Their team handles inspections, documentation, and tenant communication, saving landlords time and stress. With professional property management solutions, you can keep your properties pet-friendly and profitable without added worry.
Frequently Asked Questions
How Much Should a Pet Fee Be in Memphis?
Pet fees in Memphis often range from a few hundred dollars per pet or more, but this depends on the property type and the number or size of pets. Landlords should research local averages to stay competitive and fair.
Can a Landlord Deny Pets Altogether?
Yes, unless the animal is a service or emotional support animal. Landlords have the right to make their properties pet-free if they choose. However, offering pet-friendly units can expand your potential tenant pool.
What Should Be Included in Tenant Pet Agreements?
A tenant pet agreement should include the pet’s details, such as type, breed, and age. It should outline rules about:
- Noise
- Waste cleanup
- Property damage
The document should also describe any fees or deposits and the consequences of policy violations.
What Happens If a Tenant Hides a Pet?
If a tenant brings in a pet without permission, they are violating the lease. The landlord can charge additional fees or issue a notice to correct the violation. Consistent enforcement keeps rental policies effective and fair.
Can Pet Fees Cover All Damages?
No. Pet fees cover only minor wear and tear or cleaning. Major damage, such as chewed flooring or destroyed carpets, may be deducted from the tenant’s security deposit or billed separately.
Do Pet Fees Apply to Service Animals?
No. Service animals and emotional support animals are not considered pets under federal law. Landlords cannot charge pet fees or deposits for these animals, but can still require documentation to verify their status.
Should Landlords Allow Exotic Pets?
It depends on comfort and safety. Many landlords restrict exotic pets due to potential property risks and liability issues. If you choose to allow them, make sure the policy clearly outlines restrictions and responsibilities.
Pet Fees Are a Necessity of Maintaining Your Investments
Pet fees are a great solution to the extra responsibilities that come with having pet-friendly rental properties.
The Reedy & Company team provides the guidance and systems you need for true peace of mind. With their professional property services, you can confidently allow pets while keeping your investments secure. Their services are backed by over two decades of experience and a track record that involves over several thousand properties from local and international investors.
If you’re a landlord looking to improve tenant satisfaction, reach out to Reedy & Company and get a Memphis property management quote.
