The financial impact of pet ownership in rental properties

Abstract

[Foreword] At Battersea, we take in any dog or cat in need of our help, irrespective of age, condition or breed. In 2023 we directly helped nearly 5,000 animals, caring for dogs and cats who have either strayed and can’t get home or whose owners find themselves unable to look after them. Housing is one of the main reasons animals are given up by their owners into our care. This is why we first launched our Pet Friendly Properties campaign in 2018, working initially with the social rented sector where a number of partners have since made their policies more pet friendly. Landlord concerns about pets in their properties mean many owners have to make the traumatic choice between keeping their home or keeping their pet, while many more are denied the benefits of pet ownership because of the terms of their rental agreement. With 28% of all UK households now living in rented accommodation, and the Private Rented Sector only set to grow, landlord decisions about pets are affecting an ever-increasing number of animals and tenants. The positives of pet ownership are strong, showing health benefits for owners, social benefits for communities and economic benefits for the nation. Less attention has been given to the impact on landlords of accepting pets in their properties, and the link to the scarcity of pet-friendly properties. Many landlords are not opposed to pets. Indeed, many will own pets themselves. However, many hold legitimate concerns over the impact of pets on a property for which they may care deeply. For this reason, we decided to commission this high-quality study of the financial impact on landlords of allowing their tenants to keep a pet dog or cat. We recognised that the existing evidence was too anecdotal or methodologically weak to adequately test the conventional wisdom amongst some landlords that pet dogs and cats present an unacceptable financial risk. This question was important enough to warrant our investment in answering it. I hope that, upon seeing the myth-busting findings of this research, landlords will be reassured that accepting tenants with pets is financially viable and may not be the cost burden that they expect. There is less risk to their property than they may fear, while tenants are happier and stay longer in their home. This research is an important addition to the evidence base. I hope it will support and encourage decision-making that better balances the needs of animals, tenants and landlords, leading to more animals finding happy homes with a greater number of tenants and landlords enjoying greater peace of mind.