Pets in Lets: What are the Paw-sitives, and How Can Landlord Insurance Help?

The Right to Request Pets: What This Means for Landlords and How Landlord Insurance Can Help

Good news for pet owners and their landlords! Updates to England’s private rental sector mean that tenants now have the legal right to request a pet, which landlords can only refuse on reasonable grounds. This opens new doors for landlords who may have previously limited their potential tenant pool by excluding pets. But what should landlords keep in mind if they’re considering making their properties pet-friendly? Can landlord insurance offer added peace of mind?

Understanding the Market Benefits of Allowing Pets

According to research from the Landlord’s Association, 32% of tenants are willing to pay an additional £24 per month if a property allows pets. This is an opportunity for landlords to consider the potential upsides, including longer-term tenants and a broader applicant base. In 2022, around 33% of the population owned a dog, with an estimated 13 million pet dogs in the UK (PFMA). With such high pet ownership, accommodating furry friends may open the door to more reliable tenants who are appreciative of the flexibility offered.

Key Considerations for Pet-Friendly Rental Properties

While the idea of welcoming pets into your rental property may seem straightforward, it’s essential to take specific precautions. Here’s how you can prepare:

1. Choose Suitable Pets: Decide on the types and sizes of pets suitable for your property. A large dog might not fit well in a compact flat, while smaller pets or cats could be more manageable.

2. Adjust the Tenancy Agreement: Including a ‘pet clause’ within your rental agreement can help protect your property. This clause may include rules specific to pets and an additional, non-refundable pet fee to cover professional cleaning after tenants move out. Such precautions can maintain property standards for future tenants.

3. Meet the Pet: Meeting the tenant’s pet may give you peace of mind. Think of it as an informal interview with your new furry occupant – a great way to ensure the pet’s temperament aligns with your property.

Protecting Your Property with Landlord Insurance

Landlord insurance can offer significant reassurance for property owners who rent to pet-owning tenants.

You can select coverage specific to your rental portfolio, whether you rent out apartments, terraced houses, or bungalows. Protect against common concerns, including damage or accidents that may arise with pet-owning tenants, through a flexible, customised landlord insurance policy.

• Personalised Policies: Get flexible insurance packages so you only pay for the cover you need.

• Tailored to Your Property: From single units to large portfolios, or multi-property portfolio, Landlord insurance can be designed to meet the unique requirements of property owners across various property types.

• Trusted by Clients: As a Feefo Platinum Award winner, Clear Business prioritises service excellence, ensuring that your insurance aligns with your and your tenants’ specific needs.

By choosing a bespoke landlord insurance policy, you’re investing in your financial security and creating a stable foundation for your rental business.

For more detailed information, visit our Landlord Insurance page to learn about coverage options. For additional insights and updates on property and landlord insurance, check out our blog.