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Updated over 4 years ago,
Covid Rental Assistance Program - The fine print??
My tenant sent me some forms and asked me if I could fill them out so she can apply for rental assistance.
The state of PA offers funds to tenants who qualify due to the impact of the pandemic. They require me as the landlord to complete a few forms that will go along with the application that the tenant will
Submit. While going through the forms I noticed that there’s a checkbox that requires me to “waive the right to collect rent during the months that the tenant is collecting assistance.” Well, this led me to stop and read further into this program.
So, the max assistance the tenant can receive is $750/m for a max of 6 months.
The rent is $1,150. I gave the tenant a $500 discount off the rent through March and April. Since then she has been paying the full amount on time.
So if she qualifies for the assistance I’m basically taking the risk of now being forced to accept a discounted rent for the next half year. My immediate reaction is, sorry I’m not going for it.
Am I wrong to think this way???