Security Deposit Form

The collection of additional rent and additional security deposit is often an area of opposing thoughts between landlord and tenant. Therefore, we will examine the problem from both perspectives, beginning with the tenant.

Tenant

Many tenants think it is unfair to charge both extra security deposit and additional rent for the privilege of pet ownership and I'll tell you why: When someone wants the pleasure of a animal (especially a dog or cat) a security deposit to pay anything extra for this pleasure. Most of the tenants know and understand that the additional security deposit is taken if the animal in some sort of damage to the rental unit. If they do something to damage, the owner pays damages for the money.

Now, when a landlord additional rent charges for a pet, they are loading it because the company will more living space, use more hot water or flush the toilet? No, they are in charge extra rent because the animal could cause damage to property.

Therefore, when a landlord charges extra security deposit for wear or possible damage and additional rent for the same reasons many people believe they are double-charged for the pleasure of owning a pet. And nobody likes to be double-charged.

Landlord

On the other hand, from the perspective of an owner, the rent charge extra for the privilege of pet ownership is the smart business because the risk of damage is significantly higher, and the tenant must compensate for this risk . Say you feel $ 25 a month is sufficient for the compensation, if you add that to the rent. This additional $ 300 per year a little easier in mind if the animal causes damage to the premises.

Say six months of the lease the tenant moves out. Upon departure, you will discover Fido has a weak bladder and consequently lost all the carpet. The $ 150 that you collected in the additional rent ($ 25 per month times 6 months) does not cover the replacement and because you have not received any money from additional safety to the front you lose.

The basic idea to keep in mind the viewpoint of an owner is an animal that has a bad day can make hundreds of dollars of damage to property during the day and collect $ 25 or even $ 50 per month to cover this bad day is not enough insurance, especially if the damage occurs at the beginning of the lease. For this reason, it is perfectly logical from the perspective of an owner to rent both additional costs and additional security deposit for a pet.

Therefore, although renters may believe that you are double-loaded, in fact, the combination additional rent and additional security deposit is really an attempt to cover all scenarios and rightly so. Ultimately, it is easier financially on the tenant, because most of the tenants will not have extra money for a deposit much larger, as a full month's rent. Although this combination leaves you with a little more risk at the beginning of their tenancy, this risk is reduced with each passing month.

The only advantage about the collection of additional rent is whether at the time of departure, pet tenant's really very little damage, while you have more money than renting from the additional rent is you keep all costs.

Response

There probably is not a good universal answer to this question even though there is a universal element. This item is: if you like animals, especially dogs and cats in your rent, you need to collect some form of compensation if they cause no harm. This may be in the form of additional rent, additional security deposit, or both. Whatever your choice, you provide as wide as possible. (I cover the topic of animals in other articles available on my website at http: / / www.findthatqualitytena.