Tenant Lease Expiring During Covid and Unemployed

[Max H.]

Hi Everyone!

I apologize if this topic has been discussed previously as I would imagine others have had the same issues. I have current tenant who is unemployed due to Covid. He does AV project work for large companies. He has been a great tenant for the last 2 years and wants to renew the lease for a 3rd year. If we were in normal circumstances it would be a no brainer. My concern is that I am unsure he is going to be able to land another high five/low six figure job in the near future given the nature of what he does. 

I figured I wasn't the only landlord experiencing this dilemma. So would you renew the lease and hope unemployment benefits continue and he is eventually able to find a new job or do you try to find a new tenant?