Renters- your pet deposit could soon increase BIG TIME

By on January 25, 2018

On Jan. 17, 2018 in the Nebraska Legislature, a bill was introduced by Sen. Lou Ann Linehan of Omaha regarding the amount landlords could charge tenants for pet deposits at rental properties. Legislative Bill 1039 states that, currently, landlords are able to charge up to 25 percent of a month’s rent as a pet deposit; it is proposed that deposits should be able to equal up to one month’s rent.

The bill is likely in response to landlords who lose money on renovations due to pet damage. The bill has, as of Jan. 19, 2018, been referred to the judiciary committee in Lincoln.

Click here to monitor the bill’s progress. 

While the increase would benefit landlords, the impact could be severely felt by renters. At the same time, it should be expected that renters care for their rentals to the best of their abilities. Would-be renters will surely shop around for the most pet-and-financial-friendly accommodations as well.

An example of a typical rental agreement includes a first month’s rent, a deposit, and a pet deposit. If rent is $1,000 a deposit is $5oo, and a pet deposit is maxxed out at the current legal rate or 25 percent, renters would pay $1,750 to move in. Under the new bill, if passed, that same situation would require renters to pay up to $750 more to move in with a pet.

Is this a measure aimed at deterring pets in rental properties? Does it unfairly benefit landlords? Should renters be (and expected to accept) paying up to three times more in a deposit to keep an animal? Let us know on our Facebook page here. 

Want to voice your support for this bill? Your displeasure? Contact your local state senator here.


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