COVID, Lease Renewal, and Divorce: What would you do?

[Briana Bean]

We have some tenants that divorced, and one moved out. Their renewal is this June. I have let the tenant know that a new lease will need to be drawn up, and that he would need to meet our income requirements. He works in a non-essential industry and has picked up a temporary job. I don't think he's income will meet the requirements, and he's asking for us to base things on what he was and hopes to be making once things re-open. Typically, we would be strict to our policy, but these are new waters for us. What are your thoughts? 

[Robert Posta]

Maybe ask that person to go on month/month agreement for the next 60 days and then once he gets his job back you can re-sign an annual lease..