Most apartment complexes, condominiums and other rental units have specific guidelines when it comes to pet ownership for their tenants. Although some managers are not open to allowing any animals whatsoever, pet screening is an important factor for those rental units that do allow these animals on-site. A pet screening process involves a thorough checklist for landlords or property managers to follow when deciding if a prospective tenant can have a pet on-site in their apartment, condo or rental home. Documents that are typically requested by managers include up-to-date vaccination records, pet size, breed and weight specifications, and any other health information required by specific buildings or complexes.
The legality of screening pets for tenants may come into question when you are managing a rental property. Tenants may claim that you are violating the Fair Housing Act if you have a blanket policy against pets. The act states that landlords cannot discriminate against people with service animals or emotional support animals, but a lot of states have strengthened these rules to protect additional animal owners as well. Some jurisdictions have many laws in place to ensure pet owners have a fair shot at renting apartments and homes, but other areas have little-to-no restrictions. Having a process in place to screen pets can help avoid future legal issues down the road.
At GoKapital, we provide financing solutions for business growth and peace of mind in financial management. One way that assisting landlords and property managers is with their pet screening process. By offering loans that are paid out quickly and at a low interest rate and manageable duration, we can help you fund your screening process. We understand how important it is to protect your properties from liability resulting from pet damage. Being knowledgeable on the legality of screening tenants for pets can offer additional defense in case of litigation.
While there may be a lot of laws to comply with in your jurisdiction regarding pets, allowing pets in your units can be beneficial financially. By offering additional documentation in your rental process about the ability to have pets on-site, you can capitalize on a larger tenant market. In fact, many studies suggest that allowing pets increases a unit’s value significantly, according to the National Multifamily Housing Council. If you are looking for a way to build your rental property’s value while boosting your revenue at the same time, consider a quick loan from GoKapital to cover the costs of implementing a screening process for animals. Increasing your rental income margins may offset your added expenses when you offer pet allowances.