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Investing Strategies / Owning Rental Property


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. :)

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