In July, Governor Neil Abercrombie signed a bill that will allow for landlords to collect a separate Pet Deposit in addition to the standard security deposit for all leases starting November 1, 2013 or later.
In the past, landlords were only allowed to collect a Security Deposit up to the amount of one month's rent and no more - any additional deposits were illegal to collect.
In this new law, it will allow landlords to collect a deposit for a pet for any damages they may cause with the following guidelines:
This will hopefully give an incentive to home owners to allow pets more often for their rentals, knowing that a Pet Deposit will encourage pet owners to be responsible.
Amanda Frazier, RA
Property Manager and head of Government Affairs Committee for National Association of Residential Property Managers, Oahu Chapter