I'm A Landlord Who Waived April Rent. I'll Do It Until July If I Need To.

If rent were simply postponed, you’d come out of this thing with between $4,500 and $7,500 in debt..” In it, one of the goals of my proposed solutions was to reduce, or altogether eliminate, people’s rent. Then I asked myself: But what can I do?‘Everyone with profit ought to figure out a way to use it to help other people’Altogether, my tenancies produce about three months of profit a year, at about $6,500 a month.

This isn’t something they asked me for, but I know the ones who are freelancers have more uncertain incomes, while the others are a bit more secure. I don’t believe this should be case-by-case situation, in which we ought to have people apply for help, or decide who should or shouldn’t get their rent waived. on behalf of renters to help out. The federal government is planning to send $2,000 each month to Canadians affected by the virus. Directionally, that’s the way to go.

And so in my note to them, I didn’t ask and I didn’t care whether they had the money to pay the rent. Instead, I wrote that, if their salary was secure, then they should consider using whatever surplus they have to spend locally and help keep people employed. Say you’re renting a one-bedroom apartment in Toronto. Your rent is probably somewhere between $1,500 and $2,500. If rent were simply postponed, you’d come out of this thing with between $4,500 and $7,500 in debt. that money.

jonrshell Our Property Manager sent out email to those who live in our building stating that they will not raise rents, or evict anyone for non/late payment and to contact the office if assistance is needed.

jonrshell I'm a landlord who's still collecting rent Because I still have to pay the mortgage, property tax, water bill etc.... Extensions? no problem at all...Im human But rent is still owing.... not waived

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