Question 68

Pet deposit can be collected from tenants at the beginning of the lease by the property manager.

A pet deposit is a fee that property managers can collect from tenants who have pets, intended to cover potential damage caused by the pets during the lease term.

A) pet deposit

A pet deposit is specifically designed to cover any damages that might occur as a result of having pets in the rental unit. It is a common practice for property managers to collect this deposit at the beginning of the lease to ensure that there are funds available for repairs if needed.

B) renter's insurance premium

While renter's insurance is often required by landlords, the premium for this insurance is typically paid directly by the tenant to the insurance provider, not collected by the property manager at the beginning of the lease.

C) accident rider guarantee

An accident rider guarantee is a specific type of insurance policy add-on and is not something that property managers collect from tenants. This is a financial product that tenants might obtain independently but is not standard procedure for lease initiation.

D) detainer fee

A detainer fee is not a standard fee collected from tenants at the start of a lease. Instead, it usually relates to legal actions regarding the possession of the rental unit and would not be applicable in the context of lease agreements.

Conclusion

The pet deposit is the only option among the choices that can be legitimately collected by property managers at the beginning of a lease, serving as a safeguard against potential damage from pets. Other options either relate to separate financial arrangements or are not standard practices in lease agreements, making them unsuitable for collection at lease commencement.