Dog Peace

Why Let Your Property To A Pet Owner?

| |Lettings

Almost half the UK population own a pet, yet many landlords are reluctant to accept pets! According to research by The Dogs Trust, some 78% of pet owners reported that they had experienced difficulty finding rented accommodation that would accept pets. 
However, if you are a landlord, agreeing to accept pets can help you maximise your return on investment for the following reasons:
– Your pool of prospective tenants is almost doubled! 
– You are therefore likely to let your property quickly and avoid void periods 
– Pet owners will often pay a larger deposit or sizeable ‘€œpet premium’€ due to the scarcity of properties that accept pets
– Pet owners are more likely to stay longer in a property and accept they may need to cover additional cleaning costs when they leave.
An blanket ban on pet ownership by tenants is actually regarded as an ‘€œunfair term’€ by the OFT, and there is no reason why most pets cannot be accommodated within the existing terms of the lease (which already provides for ‘€œno damage’€). Obviously goldfish, budgies and hamsters are unlikely to cause a problem, but landlords can worry about cats and dogs. 
Cat-owning tenants should confirm that a ‘€œscratching post’€ will be provided. The inventory clerk should also pay particular attention to scratchable areas. Not all dogs moult, and not all bark. Indeed, having a dog that barks occasionally can increase security in the area. 
A written reference from a previous landlord is probably a good idea, and you may wish to meet the pet first – it will then be up to you as to whether you wish to accept them.
We have a separate ‘€œPet Policy’€ that accompanies our lease documents where required to help you maximise your return on your investment, whilst protecting your property. Please let us know if you would like further details.

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