Pets or no pets? That’s the question facing many landlords these days as they decide whether or not they want to let their properties to tenants who have pets.
It’s not uncommon for landlords to specify that they don’t allow tenants to have pets. Some of the key reasons for not allowing animals are concerns about the property or furnishings being damaged, or worries about pets being noisy for neighbours. There’s also the issue that, where flats are concerned, pets such as dogs or cats are often impractical.
But many people do own pets and, according to research conducted by The Dogs Trust, 54% of pet owners are unable to find suitable rented accommodation due to landlords being wary of renting to them.
In the worst case scenario for landlords, tenants may ignore your wishes and smuggle pets in anyway. Not all pets are troublesome though and, if you’re finding it slow to let a property, then is it worth considering the potential benefits of a pet owner renting your property?
Benefits for landlords of letting property to pet owners
Although they may not seem obvious initially, there are some benefits to be had for landlords who allow tenants to have pets.
From a business and financial point of view, good properties that allow pets are often in demand and, as tenants have less of a choice available to them, they may be more likely to pay a higher rent for the right property.
It’s not just the inside of the property that matters to pet owners, but also the outside too. If there’s a garden, or the property is away from busy main roads, then it may be particularly suited for dog or cat owners.
Plus, as properties that allow pets are thin on the ground, existing tenants may be more likely to renew their tenancy, rather than having to worry about finding somewhere else suitable for their needs and their animals.
Before you take the plunge and decide pets are fine for your rental properties, don’t forget to double-check that it will be okay. For example, if you have a leasehold property, then you’ll need to ensure the lease does allow pets.
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You raise some interesting points here. I think a number of property owners might change their position if they considered the potential benefits. A lot of them probably wouldn’t, though.
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As a general rule I don’t see a problem lending a property to a tenant that owns just one small pet, like a small poodle or a kitten. They tend to be quiet, well mannered and friendly. But I wouldn’t consider a Doberman Pinscher.