California Tenant Eviction Update
As this is a very complicated subject, I would advise before taking any action to consult with the California real estate attorney. The money spent for this legal consultation could be considered inexpensive insurance.
In this situation… Landlords irrespective of their income.. they are expected to shoulder this burden. Almost like a bailout OK …Since the state came up with it, can we do the same thing for taxes? HOA fees? Insurance?
California Tenant Eviction Update
Here is what one California landlord said about California’s tenant eviction and ban: I’m getting completely screwed. My tenants get Whole Foods groceries delivered to their door step every week like $600 in artisanal groceries. Meanwhile I’m at the dollar store trying to pay my property tax and mortgage he told the neighbor he’s using rent money saved to buy a tesla
While the eviction bans do not mean that tenants don’t have to pay rent, they do mean that if they fail to pay rent, the landlords have no legal recourse. Also, because most tenants will never be able to pay back the shortfall in the rents even after the situation improves, the bans essentially mean that the landlords will experience a permanent loss.
The question that arises from these government actions is are these bans fair to everyone affected? Certainly, it is fair from the perspective of the tenants who are dealing with difficult times. But, what about the landlords? Many landlords are in the same boat as the tenants — many have been laid off or are on temporary work shut down with their job incomes severely limited.
Some landlords rely exclusively on rental income, which will now likely be disrupted. In order for this ban to be fair, the government should provide similar moratoriums on payments of taxes, utilities, and mortgages to landlords. Without that, the cost of the crisis as it relates to housing is pushed entirely on landlords. This should be addressed.
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