You may have heard the news that the U.S. Department of Housing and Urban Development (HUD) has been directed to suspend ALL evictions and foreclosures through the end of April.
As a response, many landlords have decided to waive rental payments and fees for tenants who lost their source of income due to COVID-19. The Utah Apartment Association has released a guide to determining what steps you should take as a landlord. If you’re interested in creating a rent deferral plan, here’s how to extend the policy to tenants who qualify.
Creating a rent deferral program
- Determine what your policy is going to be and who will qualify. You can find a sample policy here and here.
- Let your tenants know about the policy and how they can apply.
- Review the requests and inform the tenant.
- Put together a Rent Deferment Agreement for each approved person. Here are a few examples of what that could look like: 1 // 2
How to cancel payments on Rentler
If you’re a Rentler user who has scheduled a payment series, visit our help center to learn more about how to delete a payment in a payment series. You can skip as many payments as needed.
More resources for landlords:
Looking for more updates as they happen? Here are a few places you can get the latest news:
- The National Apartment Association COVID-19 Page
- The National Low Income Housing Coalition updates for each state
- World Health Organization (WHO) site
- HUD eviction law updates
- Rentler’s Twitter feed
We’re here to help you navigate renting during these unprecedented circumstances and will be providing updates frequently. In the meantime, stay safe!
This post How to Create a Rent Deferral Program appeared first on Groundwork by Rentler.
