14:34 PM, 1st October 2020, About 3 years ago 99
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You can’t go into a supermarket and steal your weeks’ groceries. There are laws in place to protect shopkeepers large and small. Not paying rent is also theft with the Landlord being the victim. In Australia, tenants can be evicted for being 14 days in arrears with the rent. Let’s have that system here.
The current system is unfair to Landlords. If a Tenant doesn’t pay rent then it can take a year for a Landlord to regain procession. In that time the Landlord still has to pay the mortgage and other costs. This can ruin many small scale Landlords. Furthermore, it incentivises Landlords to only rent their properties to tenants with higher than average income who are likely to care about getting a bad credit rating.
Let’s have an Australian style system which aims to be neutral between Landlord and Tenant.