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Pet deposit

I recently posted a single family home for rent on Craig's List. I have gotten quite a few requests asking whether we will allow pets. I am OK with the right pets. I am wondering what I should charge for the pet security deposit. $200 or $300 per pet does not seem like enough if the pet does much damage at all. I am thinking about charging 2 months rent as the security deposit for someone with pets. Is that allowed?
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