When a tenant defaults and a landlord wishes to terminate for the default, the landlord must be careful not to waive its right to terminate. Upon learning of a tenant default, a landlord must make a decision: does it want to terminate the tenant for the default or is it prepared to carry on with the tenancy? If it elects to continue with the tenancy, the landlord will still have the right to sue the tenant for any loss it may have sustained as a result of the default, such as the cost of repairs or for unpaid rent, but it may lose the right to terminate.
Read the full article here: Have You Waived Your Rights Goodbye- January 14-2003
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