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Updated over 3 years ago on . Most recent reply
Hereos Act will hurt landlords in a bad way
Forgive me if this has been posted before. A search didn't find anything. As you probably know, the Democrats in the House passed the Hereos Act, A part of this bill calls for a Federal Ban on evictions of any residential property for non payment of rent. This is extended for 12 month after the pandemic is over. No recourse for landlords. I rely on my properties (which are paid for) for my living expenses. Also in there is a provision stating the back rent will be forgivable. If the Senate passes this bill, I may be without income for a loooong time. Does anyone know any more about this?
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Actually, the language states that landlords can not use past evictions against applicants again. It also takes away credit score checks, criminal checks, and mandates you rent to any section 8 applicant. It looks like government control of private property.