Options for Struggling Landlords Whose Tenants Can’t Pay the Rent - News Summed Up

Options for Struggling Landlords Whose Tenants Can’t Pay the Rent


I am losing considerable rental income on this large garden unit, and the tenants haven’t made any attempt to pay back rent or negotiate a move-out or payment plan. But I rely on these bills to pay mortgage, taxes and maintenance — I am not an institutional landlord with deep pockets who can weather this. But these laws and executive orders have provided little relief for landlords who still have to pay to keep their buildings operating. Tenants who sign a document stating they have experienced a Covid-related hardship can extend the protection until May 1. But they’re still responsible for the mortgage, taxes, water and heating bills.


Source: International New York Times January 09, 2021 15:00 UTC



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