Renting Through the Covid-19 Period
Since December 2019, the world has been reeling in the devastating effects of the coronavirus pandemic. Entire nations had to shut down, lockdowns have been put in place, and the global economy took a big hit. There is no area or aspect of our lives that has not been affected in one way or another by this pandemic. Things that we did very easily before, without any worry, are now a lot more complicated.
A good example of this is renting through the COVID-19 period. For many obvious reasons, it has been a very hectic time for both tenants looking for a place to stay and landlords when it comes to renting their properties out. Overall, it has been a very hectic period for everyone. Normally, for most people, a significant chunk of their money goes into the payment of rent. When you have millions losing their jobs because of the pandemic, problems will arise. Property management services have done their best to make the lives of all renters and landlords less stressful during this period.
As many tenants lose their jobs because of the pandemic, they find it a lot more difficult to pay their rent. In a few countries like the United States of America, the government chips in to help in the form of financial assistance. In countries where such welfare packages are not in place, the tenants will have a very difficult time coping with the payment of rent to their landlords. This is because without a job, there is no way they can afford to pay, and this has led to several conflicts.
Several landlords have resorted to evicting their tenants while some others have been more understanding. In other cases, the government decided to swing into action by providing several protective measures for their tenants. In places like Ireland, the government has come up with the concept of an emergency period to protect tenants. In Australia, landlords were told that they could not evict tenants for a six month period due to the significant economic impacts of coronavirus on the Australian community.
During this period of emergency, a landlord cannot forcefully evict the tenant from the home, and the landlord must not serve a notice of termination to the tenant. There must also be no increase in the rent for the home during that same period. These rulings are to be applied to all kinds of rentals. Also, to protect the landlord as well, there are obligations for the tenants. For example, he or she must proceed with the regular payment of the rent when they are able to, and he or she must also continue to adhere to the earlier agreements of the tenancy.
Another issue that has been critical when it comes to renting through the COVID-19 period is how landlords maintain order and ensure that all the tenants adhere to the rules and regulations put in place to control the viral pandemic. Some tenants can be irresponsible, such as organising parties in the house and flouting the quarantine measures. It is now left to both parties to work out amicable solutions. For people looking for new places to rent, it has been a hectic process. For some there just isn’t a choice, and as sad as it may be, it seems this will be the way it is for a long time. This will continue at least until we start seeing a significant drop in new cases of COVID-19. Until then, proactive property management plans in place are the only way to continue in the face of this crisis.