https://twitter.com/NYGovCuomo/status/1258424519745777665?s=20Finally.He shouldn't make tenants repay security deposit though. NJ doesn't.
AP dead or Obi dead?
Why not?
People won't magically afford two months rent in a few weeks or months even...
NJ's ruling doesn't make you repay it unless you renew your lease.
https://twitter.com/NYGovCuomo/status/1258424519745777665?s=20He shouldn't make tenants repay security deposit though. NJ doesn't.
Stupid move. Incentivizes tenants to damage landlords down the line. They should have frozen the entire food chain of rent + mortgages like Italy did
Landlords will just walk away from the buildings and leave the city/state to take care of it.
They should have frozen the entire food chain of rent + mortgages like Italy did
And let's also srew the landlords that they won't get paid for damages done to thier property by the tennenats
How about the other side or do you only see one side?Landlords who screw tenants out of their security deposit?
Why not halt mortgage payments? If you can't manage to do that then don't give free rent
Agreed.Technically landlords should be able to get a mortgage forbearance but I know of a close family member in RE who tried (his rent collections were down 50% in Apr and May so far- that's before Cuomo's announcement today) and was told by his bank that they can't offer a forbearance on a commercial mortgage.