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landlords money?
what money can landlords apply for due to covid 19
7 Answers
- MaxiLv 77 months ago
Depends on where in the world you are a landlord and what laws are in place..... I have a rental in the UK and if my tenants are working from home then they are being paid so can afford to pay their rent if laid off from work then since March the Government has been paying them 80% of their normal wages and they can also apply for housing benefit, ...if they lost their job they can get housing benefit and unemployment so they can still pay their rent
- Anonymous7 months ago
If you mean grants or loans probably none. Most lenders would have worked with you in the early months. I have a lot of online banks & credit cards and most offered up "help" although I never needed it. Probably meant deferred payments for a period of time but I never asked.
- Anonymous7 months ago
They can probably take out 2nd mortgages if needed, or use the equity they have in the properties. It isn't that hard. They know the risks when they become landlords.
- Anonymous7 months ago
Are you asking about government money as part of the Coronavirus relief passed by Congress?
There isn't really anything unless the landlord is an employee or the landlord has employees.
Real estate is an investment and all investments have risk. It's really not the government's job to help people keep their rental property. If an investment isn't profitable, selling it may be appropriate. This is no different with a rental house as it is with stocks.
If they're a big operation and have employees, they could have applied for a forgivable Paycheck Protection loan but I think that ship has long since sailed.
If they themselves are employees, they may qualify for unemployment if they have been terminated, furloughed or had their hours cut.
If they are employees they would be eligible for the 14 days of emergency paid sick leave or paid FMLA if they meet the criteria.
Many mortgage lenders are granting forbearances (extending due dates for payments).