As a landlord for many years, we have had to deal with many situation. We have currently develop this relief structure for a tenants moving forward. We also are able to use this format for our coastal properties, during hurricanes. Hope this this helps!
Subject: COVID-19 pandemic
Due to recent events all late fees for rent will not apply.
We are asking you to contact us if questions or payment delays occur by email or text.
We will be working with each of our valued tenants to reduce or delay payments as needed.
Listed below are 3 payment option for
you to choose to help you navigate through these hard times.
Please attempt to make half payments for your monthly rent payments if you can.
If you are unable to pay your rent for 1 month, once you are back to work again you can make extra payment to catch up with late rent.
- We are offering a 90 day delay in rent if needed, this will be paid back on a monthly schedule after you begin work again along with your normal rent.
Our goal here is to work with our valued tenants and offer some solutions in an uncertain situation.
Hope you are staying safe and well, and God Bless.
I have spoken to my 4 property managers who manage buildings in various parts of the country. As long as the tenants that need help is less than 50%, I am going to forgive rent during the pandemic. My thinking, based on my 10 years as a renter, as that tenants are not able to catch up and to ask that they do would stress them out. As long as 50% of my tenants pay, my bills associated with the buildings will be covered.
I like the 90 day delay. Hopefully this is ample time to allow people to resume to work and is very generous. Some of the other threads here where landlords are talking about how they are treating the tenants right now are absolutely savage!