The Motley Fool Discussion Boards
|
Previous Page | |
Investing Strategies / Owning Rental Property |
||
URL:
https://boards.fool.com/i-guess-it39s-not-technically-a-pet-deposit-32743804.aspx
|
||
Subject: Re: buying another one...maybe. | Date: 6/12/2017 4:29 PM | |
Author: elQu | Number: 5347 of 6149 | |
I guess it's not technically a pet deposit, it's just advance pet rent, I suppose, or a "pet fee." "Deposit" seems to suggest it's refundable, but it's not. In some states the terminology makes a significant difference in a written lease and can be the difference between what's lawful and what isn't), even if the cost is the same. Some places don't allow *advance* rent - it has to be in monthly installments if it's called rent, but a one-time fee is OK. And yes, if it's non-refundable, I'd stay far away from from use of the word "deposit". Fee usually works better. :) Laura |
||
Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us |