Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 4 weeks ago 47
I would just like to ask other landlords how they are responding to the tenants who say they cannot pay the rent this month due to the Coronavirus crisis?
I have had a tenant call me today to tell me that their income has more or less dried up and he’s going to be unable to pay his rent next week.
I don’t disbelieve him as he’s an evangelistic pastor and as he’s no longer preaching he doesn’t get paid! He has been with us for over 6 years and has never missed a payment. He is going to get some advice in the next couple of days on what benefits he may be able to claim.
I just wondered what other landlords are doing in this situation in terms of formally acknowledging this because obviously this is only a ‘rent holiday’ and will need to be paid back at some point.
Has anyone come across any kind of model letter that they are sending to their tenants who can’t pay that forms an agreement.
Any advice appreciated in these uncertain times!
Stay safe everyone.
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