NARPM Radio: Rent Forbearance or Early Lease Termination?

Bob Preston, RMP® of North County Property Group, Del Mar, CA, discusses the lingering impact of COVID-19 on tenants who have suffered a job loss, decreased work hours, medical expenses, or other loss of income. Many laws and local ordinances have been implemented to protect tenants with eviction moratoria if they have had financial impact due to the coronavirus. There have been no laws established, however, which give tenants a free pass or restrict a landlord from recovering rent at a future time. As landlords and property managers, what then should we do? Take a look at the pros and cons of two different approaches for tenants with financial impact from coronavirus.