The demand for pet friendly rental property is on the rise. Are you taking advantage of this demand and allowing tenants with pets or are you strictly no pets allowed?
Owning a pet has become ever more popular these days and with the rise of their popularity on the internet it seems everybody has a cat. This is all fun and cuddles until you find yourself looking to rent a home and finding that pets are not permitted. Maybe you begin to find that a lot of available properties out there prohibit pets of any kind.
But why is this? Why do some landlords allow pets but others say they’re not allowed?
Rental properties that accept pets are arguably the most desirable among prospective tenants. They offer the freedom that permits tenants to either bring their pets with them or give them the option of getting a pet in the future.
Pet friendly properties are in short supply and demand is increasing. These kinds of properties are great for tenants but what does the landlord get out of it?
- Fast rental – If you allow pets in your property, you will easily find tenants. You will find you have smaller void periods and chances are your tenancies will last longer.
- Higher deposit – Some landlords are worried that by accepting pets they’re opening their property up for extra damage. This will vary among tenants but by demanding a higher deposit you can protect yourself against these damages if they arise.
- Higher rent – Pet friendly homes rarely come on the market and are very desirable. You can use this to your advantage and demand slightly higher rent for your premium property.
No Pets Allowed
The majority of rental properties on the market don’t allow pets. Landlords will have many different reasons as to why they don’t permit animals in their properties and whether they’re valid or not, ultimately it’s the landlords choice.
Does this mean that non pet friendly homes are less desirable or not as good as pet friendly ones? No it doesn’t. So why do some landlords chose not to accept pets in their rental properties?
- Damage – Some landlords are afraid that by allowing pets they’re opening the flood gates to extra damage resulting from the tenancy. This blog post shows how destructive pets can cost landlords thousands.
- Nuisance – Pets such as cats and dogs may be seen as a nuisance to some landlords. They’re are more likely to be noisy. Dogs bark and cats do that weird territorial crying thing to each other. They also go to the toilet anywhere they feel like it. This could cause conflict with neighbours that the landlord doesn’t want.
- Lease restrictions – The majority of flats are leasehold and most of them state that pets of any kind are not allowed. Landlords who rent out flats are usually simply forbidden to allow pets, even if they wanted to.
If you are considering allowing pets in your property, this website by Dogs Trust is a great place to start, Lets With Pets.
Do you accept pets? Do you refuse to accept them? Are you a tenant looking for a property but struggling to find somewhere to take your furball of joy? Leave a comment and let us know!