12 Why being pet-friendly pays off With pet ownership increasing, an effective way to attract more renters is by making your property pet-friendly. Properties that accept pets are often in short supply, in turn attracting many applications and renting out quickly. They may also achieve a higher rent compared to properties that don’t allow animals. In addition, animal owners often seek longer-term leases and maintain their rentals to a high standard, reducing your leasing and vacancy costs. Making your property pet-friendly While major alterations aren’t required to make a property pet-friendly, bear in mind petowners usually require any outdoor areas to be fully fenced. A cat flap or doggy door is also useful but owners are not obliged to install one. It’s also worth investigating different types of flooring to minimise any damage from pets. Tiled floors are highly durable, scratch-resistant and easy to clean; floorboards can become scratched, while if a property is carpeted it is a good idea to ensure the renter organises and pays for steam-cleaning and pest treatments at the end of the lease. Protecting your property - Pet clauses If you’re concerned about property damage you may be able to include a ‘pet clause’ in your tenancy agreement. This usually stipulates the renter pays for any damage caused by the pet, regularly removes droppings and organises professional cleaning and pest treatments upon vacating the property. - Pet resumes Before accepting any fur renter you can request to first see the animal’s ‘pet resume’. This gives an overview of the pet including its photo, breed, age, size, temperament, vaccination and microchip details plus a reference from a previous rental provider and/or vet. - Update your insurance Check your investor’s insurance policy to ensure you are appropriately covered for any damage caused by a pet living in the property, and if any exclusions or limitations apply.
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