16 min
#319 Landlord Forbearance Options RentPrep For Landlords
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- Business
It has been a long and treacherous road for landlords. From evictions to past due mortgage payments, COVID-19 has had quite an impact on the rental industry. The latest news to hit the market includes new forbearance options for landlords to help them retain their properties.
For NYS landlords, the Tenant Safe Harbor act is passed, heavily impacting the already existing argument around eviction moratoriums. With the new act in place, a court cannot use unpaid rent (accrued during COVID-19) as the basis for a non-payment eviction of a tenant who couldn’t pay rent.
It has been a long and treacherous road for landlords. From evictions to past due mortgage payments, COVID-19 has had quite an impact on the rental industry. The latest news to hit the market includes new forbearance options for landlords to help them retain their properties.
For NYS landlords, the Tenant Safe Harbor act is passed, heavily impacting the already existing argument around eviction moratoriums. With the new act in place, a court cannot use unpaid rent (accrued during COVID-19) as the basis for a non-payment eviction of a tenant who couldn’t pay rent.
16 min