Summary: There are two sides to the eviction moratorium story and, while the tenant side gets told, the landlord/owner side often does not.
Cornavirus and an economic reality
The coronavirus pandemic has taken a severe toll on a great many sectors of the U.S. economy, and of course on the American people themselves!
This is evidenced by business closures, school closures, the closing of cultural venues and, in the inability of many to pay the rent due for their apartment or rental home.
Early on in the crisis the CARES Act prohibited any legal action to evict for nonpayment of rent or other fees or charges, now likely to be in force at least through the end of 2020.
While for so many Americans this relief is necessary, very often what gets lost in the discussion is the fact that the landlords/building owners have financial responsibilities of their own.
The article/opinion piece in the New York Daily News titled ‘Landlords are people too’, makes some excellent points and observations about the fact that there are two sides to the eviction moratorium.
Landlords are people too!
“Landlords are the devil incarnate. “F–k landlords.” “Cancel rent.” “Kill the landlords. “Landlord (sic) are a disease.”
‘The Brookings Institution found that mom-and-pop landlords own 40% of all residential rentals nationwide, and a HUD survey found that 72.5% of rentals between one and four units are owned by small landlords. A full one-third of these folks fall into the low- to moderate-income category, according to a Hamilton Project study.’
Read the entire Charlotte Laws article ‘Landlords are people too’, in the New York Daily News using the link below…