Legal Question in Landlord & Tenant Law in California
We've had a tenant for 2 years with a 12 month lease each year. The tenant would like change the duration of the lease to 6 months or 3 months. How much of a monthly increase should we charge? Also, what becomes of the 1 month security deposit?
Asked on 1/06/12, 10:39 am
1 Answer from Attorneys
George Shers
Law Offices of Georges H. Shers
The security deposit remains in place as it is to protect you against certain damages you might suffer. Its amount would not change. What rent increase you give depends upon numerous factors that we know nothing about i your case and on your gut feeling as to how much is reasonable and wil not drive them away. They can always ask to be month to month tenants.
Answered on 1/06/12, 2:28 pm