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Updated almost 5 years ago,
Tenant was behind prior to Covid-19
Just got my hands on this. I have a handful of clients that were 1-3 months behind prior to the current lockdown, or are just in general late. Mainly commercial leases, but there is one or two residential.
I was going to mail them a late notice with some payment options, to be followed up with a 3 day pay-or-quit if I got no response. With the current situation, I feel I should extend that until after the lockdown ends? I think it might save me from some headache if they go and claim their issues were due to the virus.
What would you guys do in this situation? Pretty new to this, would love some input from you more experienced guys.