Pet Deposits for your Rental Property: Do you have one?

pet deposits for your rental property
A pet deposit is similar to a tenant bond. It acts to cover the cost of any damages done to the rental property by a pet once the tenant moves out.

Are they legal? And should you have one in place if you exercise a pro-pet tenancy stance to renting?

Pet deposits are popular property management security tactics employed by landlords across the US. According to the Australian Companion Animal Council, most Australian states and territories do not permit the payment of specific pet deposits or bonds. However, Western Australia permits landlords to charge an additional pet bond of up to $100.

So that leaves the majority of Australian landlords unable to legally charge their new tenants a pet deposit. Don’t fret

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