#319 Landlord Forbearance Options


Manage episode 266601253 series 1543654
By Ashley F and Andrew Schultz. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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.

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