Regulation's on Rent
Unless your property is financially back by FHA, or other federal mortgages, there are no requirements to waive/defer rent or a moratorium on evictions. For more information on evictions please see that section below. It is recommended that all landlords who can work with tenants through any issues they experience because of COVID-19.
Unless your property is financially back by FHA, or other federal mortgages, there are no requirements to waive/defer rent or a moratorium on evictions. For more information on evictions please see that section below. It is recommended that all landlords who can work with tenants through any issues they experience because of COVID-19.
U.S. Stimulus Package
The United States of America passed a 2.2 Trillion dollar "COVID-19" relief bill on March 27, 2020. This bill does a few things to impact the economy. This bill is intended to flood the economy with money so that rent, bills, and services continue to get paid. Here are some details:
The United States of America passed a 2.2 Trillion dollar "COVID-19" relief bill on March 27, 2020. This bill does a few things to impact the economy. This bill is intended to flood the economy with money so that rent, bills, and services continue to get paid. Here are some details:
- Eligible small businesses, sole proprietors, independent contractors, etc. can a apply for an SBA loan guaranty program
- Larger businesses in distress can potentially apply for a loan
- Expanded unemployment insurance (including for self employed individuals)
- Tax rebate (from $1,200 - $7,400) available to eligible tax payers
- If you have an FHA, Freddie Mac, or Fannie Mae backed mortgage - you will be eligible for 90 days mortgage forbearance (delay) but will not be able to give an end of term notice or begin an eviction for 120 days.
