Pet Rent vs Deposit Calculator
Some landlords charge monthly pet rent, and some take a one-time pet deposit. This page adds up the total cost of each over your lease length, so you can compare them side by side.
Pet rent is money you do not get back. A deposit is mostly money you do get back, so its cost is the earnings it could have made while the landlord holds it, plus anything kept for damage.
- Free
- Works offline after your first visit
- Saves on this device
- No sign-up
- Updated
How it works
Pet rent cost is the monthly amount times the number of months in the lease.
Deposit cost is the amount kept for damage, plus the deposit times your yearly earnings rate, times the months divided by twelve. That last part is a rough estimate of what the money could have earned elsewhere.
The difference is pet rent cost minus deposit cost. A positive number means the deposit costs less over this lease. A negative number means pet rent costs less.
Worked example
With pet rent of $35.00 a month for 12 months, the rent comes to $420.00. A $300.00 deposit at 4% a year, with $0.00 kept for damage, costs about $12.00. The difference is $408.00.
Questions
Do I get the whole deposit back?
Only if the unit is left clean and undamaged, and nothing else is owed. Your lease says what can be kept, and local rules may limit how much a deposit can be.
Why count lost earnings on a deposit?
Money a landlord holds is money you cannot use or invest. The yearly rate you enter is an estimate of what it could have earned.
Is the part I get back a cost?
No. Only the lost earnings and any amount kept for damage count as cost. The rest comes back to you.
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