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California rent relief plan would give tenants until 2034 to make up late payments
The agreement would allow the tenant to defer rent during the coronavirus emergency without fear of being evicted. If the renter declines to make a deal, the landlord would have to secure a signature-verified document proving he or she attempted negotiations with the tenant.
The state would then assume the financial burden, and allow renters 10 years beginning in 2024 to pay back unpaid rent accumulated during COVID-19. Tenants could make payments incrementally or, if they can’t afford the installments, could receive loan forgiveness.
Read more here: https://www.sacbee.com/news/politics-government/capitol-alert/article243604527.html#storylink=cpy
The agreement would allow the tenant to defer rent during the coronavirus emergency without fear of being evicted. If the renter declines to make a deal, the landlord would have to secure a signature-verified document proving he or she attempted negotiations with the tenant.
The state would then assume the financial burden, and allow renters 10 years beginning in 2024 to pay back unpaid rent accumulated during COVID-19. Tenants could make payments incrementally or, if they can’t afford the installments, could receive loan forgiveness.
Read more here: https://www.sacbee.com/news/politics-government/capitol-alert/article243604527.html#storylink=cpy