By April 5, 69.2% of households made a partial or full rent payment, and by April 26, 91.5% of households had paid at least some rent, according to NMHC.
It is not surprising that we are facing an uptick in missed payments.
This article provides a number of remedies that a landlord can impose to ease the situation including establishing a flexible payment plan, allowing tenants to use their security deposit, accepting partial rent payments, and letting tenants out of their lease.
“The reality, though, is landlords, either large or small, don’t have the capacity to have some sort of break in (payment),” says David Howard, executive director of the National Rental Home Council, which represents the single-family rental home industry and is currently lobbying federal legislators to provide relief for both tenants and landlords as unemployment rises.