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Renters Paying Cash

by Gary Kent / Thursday, 27 March 2008 / Published in Uncategorized

“I own rental property in Logan Heights and southeast San Diego in some pretty rough neighborhoods. I’m sick of all the bounced checks and related delays. I have a mortgage due every month whether they pay me or not. So I’ve decided to require cash-only for rent, but somebody told me that’s not legal. That doesn’t make any sense. Is that true?”

***ANSWER:
On January 1, 2005, it became illegal for owners and managers of apartments in San Diego to require cash payment for rent, with one exception:

If the tenant bounces or stops payment on a check, you may require cash, provided you give written notice the check bounced and state the time period the tenant must pay cash, to a maximum of 3 months.

Note that if your rental agreement doesn’t give you this right, you must give the tenant a “Notice of change of Terms of Tenancy”. There are additional rules that apply, so talk with your landlord-tenant attorney.

Free San Diego Rental Information

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About Gary Kent

Licensed since 1984, San Diego real estate broker Gary Kent is a recognized authority on real estate. In addition to selling over 5,500 homes for clients, he has been an expert court witness, trainer of other agents, and he does seminars on home buying, home selling, and investing. Gary has sold homes for The Salvation Army, dozens of major banks, and Fannie Mae, amongst others. You can find Gary on Facebook, Instagram and YouTube.

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