Join the Residential Landlords Association

Temporary rent deferment

You are here : Member Forums General Discussion Temporary rent deferment
4 Posts
0 Thanks

Hi there,

I would be most grateful for your opinions on the following:

My tenant, like many others, is struggling due to COVID-19. He has been furloughed but his employer has been delayed in paying him.

We have agreed a reduction in rent for 3 months: the idea is a 33% deferment but the tenant is to make up the reduction over the coming year or so.

Is this an acceptable way to amend the tenancy? His payments from August onward would be higher than the amount on the tenancy agreement as he is in arrears.

Would I be correct in issuing an addendum and us both signing it?

06/05/2020 18:09

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

Landlord & Investment Show London Olympia 2019
99 Homes
John Pye Auctions