A renter gave written notice that he would vacate, then changed his mind. What are the landlord's rights?
Question: I own a four-plex in an area where rental rates have recently begun to increase. I had not raised the rents on my property in several years, so I recently gave a 30-day notice of an 8% increase to my tenants. One told me he could not afford the increase and gave me a written 30-day notice that he was vacating. About a week later he told me he changed his mind and decided to stay and accept the increase.
This tenant has been occasionally late paying his rent in the past, and I am worried that he really won't be able to afford the additional rental rate. Now that he has canceled his notice of termination, what are my options? I am thinking about requiring him to agree to a new credit check so I can tell whether he will be able to pay the new rental amount. Can I do that?
Source: Latimes.com
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