Allowing Pets - Pros and Cons

Landlords are put off by prospective Tenants with pets. Why? Because they have a perception that pets will cause thousands of dollars’ worth of damage to their investment and they will be left with the clean-up bill. But if a Tenant has proof they are a responsible pet owner should they change their minds?

Outlined below are some pros and cons a Landlord can consider when deciding whether to change their “no pets’ policy”:

PROS:

A Landlord can discourage a majority of prospective renters by setting a “strictly no pets policy”.  If they are flexible, a Landlord can be rewarded with a larger pool of applicants to pick from.

Because Tenants with pets have a harder time qualifying for rental properties, once accepted and allowed to move in, the pet owners aren’t likely to dream of going through the same rental marathon again anytime soon.  As a result, they tend to stay in one place longer.  This is a rewarding thing for Landlords because it equates to lower vacancy rates.

Some Tenants try to keep their pets a secret.  When a Landlord is aware of having animals in their rental, they can at least put some rules and restrictions in place.  If a Landlord has no idea there is one, they have no control over the situation.  This way, a Landlord may protect themselves better from Tenants sneaking in their fluffy friends.

CONS:

  • Increased risk of damage to a Landlord’s investment property.
  • Renters with pets may be more likely to disturb neighbours.
  • Pet odours and problems with getting rid of them.
  • Allergens may get in the air ducts and carpets.
  • Landlords may need to increase their insurance and the amount of liability coverage although some insurance companies may not cover ‘Pet Damage’
  • Realising discriminating against pet owners may translate into losing half of the potential customer base.

A smart approach may be to set up a Pet Friendly Policy or Pet Agreement and learning best practice to mitigating the risks a Landlord may face when allowing pets.  A Landlord could include a Pet Clause in the Lease Agreement that outlines their expectations of the pet owner. The pet owners’ rights, responsibilities and obligations of having a pet during and at the end of the lease should be clearly outlined and agreed to by both parties.  Requesting a Pet Resume (rent.com.au has a feature called ‘Pet Resume’ that allows renters to create a ‘CV’ for their pets to provide prospective landlords/agents with a summary of their pet’s best qualities, including vaccinations, personality, training and a photo) and References from previous Landlords may help reduce a Landlord’s fear of property damage and its financial consequences. 

Our Property Manager at One Agency Robert Mure can help you through the mind field of finding, interviewing and selecting the right Tenant for your rental property. 

                              email: kooweerup@oneagency.com.au                    web: oneagencykooweerup.com.au

Landlord Tenant
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Allowing Pets - Pros and Cons