With the comeback of Coronavirus cases in the U.S. over the past few weeks, many businesses have had to again revise their re-opening plans (if they are even able to open back up at all). These updates include rental property owners in the Sunshine State. In the latest pandemic-related eviction moratorium – which extends to September 1st – Florida residents who are struggling to pay their rent have a reprieve from being evicted. However, unlike the previous moratoriums, the tenants may now have to prove that the reason they’ve fallen behind on their rent is related to the COVID-19 crisis.
Latest Eviction Moratorium
According to the Florida Realtors organization, “the moratorium is limited – any nonpayment of rent must be from a tenant ‘adversely affected by the COVID-19 emergency,’ which the order defines as a job loss, diminished wages or business income directly impacting the ability to make payments.”
Based on this, Florida landlords are now able to evict tenants for reasons other than not paying rent – such as not following the rules that are outlined in the lease. It isn’t just tenants who are affected, though, because this order also narrows down mortgage foreclosure to single-family homeowners, which excludes commercial property, as well as business owners who are unable to pay their rent.
We Can Help!
Are you tired of trying to keep up with – and comply with – the constant changes that are occurring in the Florida (and the U.S.) investment real estate world? If so, we can help. Having an experienced property manager on your team not only provides assistance with managing tenants and maintaining your property(ies), but also can help to ensure that your real estate rentals are in compliance.
Want more information on how an Orlando / Central Florida property management team can help you? Just give us a call and we’ll provide you with all the details.
Sources:
Fla. Eviction Moratorium Only Protects COVID-Impacted Renters. Florida Realtors.