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Updated about 5 years ago on . Most recent reply

User Stats

65
Posts
37
Votes
Jay Levy
  • Rental Property Investor
  • Miami FL
37
Votes |
65
Posts

Handling reduced rent requests due to Corona

Jay Levy
  • Rental Property Investor
  • Miami FL
Posted

We are starting to receive some requests for either a reduction in rent or enabling people to pay a portion and pay the balance when they can.  I wanted to get a sense about how others are responding to these requests.  

My thought is ask people to pay 70% of their rent and tack on anything not paid over the course of the remaining rent payments for this lease.  My goal would be for them not to owe me much more than the security deposit is at any given time.  

Would love other ideas.

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