How to handle April rent payment/get-out-of-lease issues because of Covid-19
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The Idaho Apartment Association recognizes these are unusual times and encourages all rental owners to consider offering rent deferral for the month of April 2020, to tenants who have been directly impacted by the health measures in place to slow the spread of Covid-19.
We are hopeful the banking industry will also have deferral programs for mortgage payments, and are likewise hopeful a federal stimulus plan will put money quickly into the hands of tenants to help them with their obligations, and us with ours.
In the meantime, we encourage each rental owner/manager to consider rent deferral programs.
How Rent Deferral Would Work
Click here for more info
The Idaho Apartment Association recognizes these are unusual times and encourages all rental owners to consider offering rent deferral for the month of April 2020, to tenants who have been directly impacted by the health measures in place to slow the spread of Covid-19.
We are hopeful the banking industry will also have deferral programs for mortgage payments, and are likewise hopeful a federal stimulus plan will put money quickly into the hands of tenants to help them with their obligations, and us with ours.
In the meantime, we encourage each rental owner/manager to consider rent deferral programs.
How Rent Deferral Would Work
- At or before April’s rent due date, affected tenants would request rent deferral from their landlord
- Owners/managers will assess if a tenant qualifies under their criteria (a sample criteria is below)
- Tenants will be required to sign a rent deferral agreement, outlining repayment plans
IAA Events Postponement Notice
Dear Members,
In light of the evolving health situation in the United States, and in an effort to follow the recommendation of federal, state and local government to minimize large group meetings, the 2020 Fair Housing Education Conference and Tradeshow will be postponed to July 8th, 2020. All registrations and payments will automatically transferred.
Also, out of an abundance of caution, during the next 60 days, all committee and fair housing meetings will either be re-scheduled or conducted electronically. More information will be forthcoming.
For information and guidance with how to deal with this in your own properties and communities, the National Apartment Association has released guidance documents and a webinar that are available on their website: www.naahq.org. Links below:
https://www.naahq.org/news-publications/guidance-dealing-coronavirus
https://www.naahq.org/sites/default/files/naa-documents/disaster/novelcoronavirus_guidance.pdf
https://www.cdc.gov/coronavirus/2019-ncov/index.html
We are committed to providing value for your membership in these unique times and appreciate your flexibility. If there is anything we can do to support you, or if you have any questions, please let us know.
Sincerely,
L. Paul Smith, Executive Director
Len Galus, 2020 IAA Board Chair
Dear Members,
In light of the evolving health situation in the United States, and in an effort to follow the recommendation of federal, state and local government to minimize large group meetings, the 2020 Fair Housing Education Conference and Tradeshow will be postponed to July 8th, 2020. All registrations and payments will automatically transferred.
Also, out of an abundance of caution, during the next 60 days, all committee and fair housing meetings will either be re-scheduled or conducted electronically. More information will be forthcoming.
For information and guidance with how to deal with this in your own properties and communities, the National Apartment Association has released guidance documents and a webinar that are available on their website: www.naahq.org. Links below:
https://www.naahq.org/news-publications/guidance-dealing-coronavirus
https://www.naahq.org/sites/default/files/naa-documents/disaster/novelcoronavirus_guidance.pdf
https://www.cdc.gov/coronavirus/2019-ncov/index.html
We are committed to providing value for your membership in these unique times and appreciate your flexibility. If there is anything we can do to support you, or if you have any questions, please let us know.
Sincerely,
L. Paul Smith, Executive Director
Len Galus, 2020 IAA Board Chair
Upcoming Events
Partnered with
Join the IAA on March 26, 2020 for our
Annual Fair Housing Education Conference,
Trade Show, and Maintenance Mania Competition
Riverside Hotel, Boise | 8:00 - 4:00
Attendees will be able to receive world class education, network with hundreds of rental professionals, and engage with some of the most entertaining and educational minds in the state. You will not want to miss this event. This event has something for everyone. If you are a rental professional, you can participate in our incredible education programs and receive up to date training on everything you need to know about Idaho rental housing. If you are a maintenance team member you can participate in our Maintenance Mania competition - a fun event centered around maintenance skills and knowledge. And if you are looking to network and connect, this event is one of the largest gatherings of owners/managers and supplier partners in the entire state. You will not want to miss out!
Cost: $60 / attendee
Annual Fair Housing Education Conference,
Trade Show, and Maintenance Mania Competition
Riverside Hotel, Boise | 8:00 - 4:00
Attendees will be able to receive world class education, network with hundreds of rental professionals, and engage with some of the most entertaining and educational minds in the state. You will not want to miss this event. This event has something for everyone. If you are a rental professional, you can participate in our incredible education programs and receive up to date training on everything you need to know about Idaho rental housing. If you are a maintenance team member you can participate in our Maintenance Mania competition - a fun event centered around maintenance skills and knowledge. And if you are looking to network and connect, this event is one of the largest gatherings of owners/managers and supplier partners in the entire state. You will not want to miss out!
Cost: $60 / attendee
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