Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
amid the coronavirus pandemic. Although the rental market has had to adjust due to the economic downturn, tenants are finally beginning to see some relief as landlords lower rent prices or offer other incentives to fill vacancies. Increased unemployment benefits have also given tenants a much-needed reprieve. The foreclosure eviction moratorium has also had a positive impact on renters struggling to make rent payments. To further protect the wellbeing of tenants, many cities have implemented rent control measures, such as allowing only a certain amount of rent increases within a certain period of time. Other states have passed laws that prohibit landlords from evicting tenants for non-payment or requiring them to provide an eviction notice before doing so. Landlords have also become more flexible in terms of lease lengths, rental payment plans, and in-person tours of properties. Finally, some landlords have been providing assistance in the form of discounts on rent, reduced late fees, or additional time to pay rent. These measures have enabled tenants to stay in their homes, even during the pandemic.