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Updated almost 4 years ago on . Most recent reply

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Ron S.
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Landlord Protection From Renters Taking Mtg Forbearance

Ron S.
Posted

Hi All,

Anyone know if it can be written into the contract that renters will not be allowed to take mortgage/rent forbearance? I'm a landlord about to list a rental and would like to avoid a tenant occupying the property and then telling me they can't pay rent due to COVID. 

Thanks in advance!

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

Contracts already say that tenants have to pay rent, but then the federal government stepped in and said they don't have to. You can't do anything about that.

Just be very vigilant with your screening. The overwhelming majority of renters paid their rent on time and haven't been a problem. IF they managed to pay rent for the past year during the most difficult times, they should be find going forward.

  • Nathan Gesner
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