Most of my tenants have said they can’t pay rent – I’m stressed?Make Text Bigger
1. Tenant on PAYE – laid off temporarily or permanently (not because they have the virus) and say they can’t pay the rent indefinitely, can they claim government assistance to pay the rent eg housing benefit? If so is this immediate? If not what can I do?
2. tenant who is self employed and whose work dries up/non existent and stops paying the rent- what help can they get from the government to pay the rent?
3. Small business owner who pay rent and rates on premises (hair salon) and can’t pay the rent – what assistance to pay the rent do they get?
I live off my rents – I have a family, a residential mortgage of my own, bills, living expenses – I’m a sole trader, I understand that I need to be compassionate and understanding to my tenants but:
8/8 of my tenants have said they can’t pay the rent from now on (they work for Ryanair, are Italian, they can’t go home)
1/1 commercial tenant who rents my shop as a hair salon wants a rent holiday
My other private rental is a family who have not yet approached me, but the man is an airport worker.
Mortgage holidays will stop the mortgage part of my dilemma, but the remainder of my rents in are MY sole income.
What do I do?
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