Thursday, August 30, 2012

Term "Pet Deposit" Misleading

It is common to get a higher dollar amount for the security deposit when a pet is involved. you should NOT identify this additional amount as a "pet deposit", as that may limit how your total security deposit can be used when the tenant vacates the property.

Peter Meer is President/Broker of Meer & Company, Inc., 303-322-1550, which manages 150 single family homes and properties in Denver, Colorado. He holds the Master Property Manager (MPM) designation and the firm holds the Certified Residential Management Company (CRMC) designation from the National Association of Residential Property Managers (NARPM). To learn more about Peter's Landlord solutions visit www.coloradolandlordsolutions.com website. Or visit Meer and Company website at www.meerandco.com.

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