General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Tenant asking for temporary rent decrease
Hey BP. Here’s the situation. One of my tenants has been only working part time because of this pandemic. For the past 2 months she’s been allowed to split up rent payments with no late fees. I offered to allow her to pay half rent for June & July and then starting in August her full rent payment would be due plus $100 until she repaid the remaining rent she owed.
However, she told me she found out she won’t be working full time again at her job until August 1 and has asked for a reduced rent starting in August of $100 less per month and no late fees. And said once she gets her tax returns next year, will pay back the remaining rent she owes.
I could use some advice. She’s a decent tenant that takes care of the property. I want to continue to help her through this pandemic But, not sure about those terms.