Topic: To help at this covid-19 time includes landlords cutting down rents for tenants (Read 262 times)

This is correct when it comes to those guys who lost their earnings due to quarantine. But when it comes to commercial leases, everything is not so clear. As far as I know luxury rental in toronto still in demand as housing for trade representatives. If the government helps pay the rent for these few months, that would be cool. However, it is better not to live dreams but to negotiate with landlords in each case.

Thank you man, you just said my mind. As much as I want this to happen, the sad truth is that there are some landlords who are so greedy and wicked, they will never agree to cut down on the rate that tenants are paying for rents, because their greediness will never let them.

I wish that the government themselves will enforce this kind of rule and since people are not working at this point of time, it’s best that the rate for things be cut down to a smaller rate that most people will be able to afford. At this point of time people really need serious help.

if we survive and through this incident we have to help each other such as sharing food or even greater, like we do in my environment.

Even landlord now are carrying this crisis but its better to at least take Half of the rent just for this pandemic quarantine then after so we can back to normal.
are you serious quoting your own quote?Cool this is cool 

i will quote you because you might make another quote again 

Only JESUS can save you in this case, if you sincerely accept HIM, believe and do HIS teachings(believe and live according to his words). In HIM Alone we find safety. 100% guarantee! Don't go back to your old bad ways again and you are totally safe...

      

Exactly. Through selfless acts we help each other survive and may not even realize it. It's one of the best ways to survive in crisis periods without exposing yourself to even bigger dangers. In such times, I would seriously avoid owing debts to imperfect things with the propensity to do/become evil. I would have to be sure of paying back the debts before borrowing.

Yes, this is why I think every homeowner's rent should be forgiven during this crisis Because now there are so many poor people who are rented out that they can't afford two crises at once. If you can not get out then how to eat and how to rent if you do not work In this case the government should take this step Every landlord should be instructed to waive their rent so that they do not have the opportunity to do such a business.

Seriously? they don't have compassion to their renters while on experiencing this crisis? Well, it's business for business and I understand if they do think like that and the point here is they should've just consider what OP is suggesting. Though this won't reach them but if they have care for other people and the people that's making their business lucrative, they should have thought of that. But if they don't, there is no forcing and it's business as usual for them.

Some country doing these. Especially those big companies, they cut or waive the rent already for some business firms residing on their property. I was thinking, how about those students that stranded on some rented house, even though they are supposed to go back, some havent did since they arent allowed due to locked down. Also how about the owners of those who are just getting their money from these. I do hope government have solution for everyone. But I admired those people who extend their help frok those affected.

Here in India, very few of the landlords accept any form of digital payment. 90% of them want the rent in hard cash, because they never show this income in their IT returns. In metro cities such as Bangalore and Chennai, the situation has become really exploitative. The landlords demand one year rent in advance, if you want a decent house in a safe neighborhood. And the COVID 19 outbreak has made no impact on these exploitative practices.

That is good idea it will very helpful for us cutting down the rent but our landlord here is needing money I don't think if he can cut down the rent but I'm hoping because we also need money here.

Government should give all the necessary things that people need its an emergency so provide them  what they actually need even food so they can live while there are people who cant work . They can even pay for the rent of those tenant if they want to. So people will not force to leave thier home just to earn money for thier food and medical needs .

Great suggestion you draft out here, times of pandemics like these are the best for humanitarian services and i can perfectly say that influential and rich people are already giving back to the people. Jack ma, Chinese e-commerce billionaire donated millions worth of medical facilities to Africa countries to help them fight against corona virus. Footballers such as Lionel Messi and Christiano Ronaldo donated millions to help support their countries during this hard time. The question now is, are we personally doing anything to help the needy around us?

I do think everyone and everything should be making a little contribution. We need to simply become one with the rest and come up with a selfless act. If the tenant is indeed not earning a penny while the lockdown is going on, the landlord could of course cut the rent down or even make it free. But it has to be according to his economic capacity as well because it could mean that he will not be earning also if in case all his tenants are not earning. It has to be a two-way flow. And the government should also be coming in for some necessary assistance.

Tenants will surely appreciate if all landlords will learn to consider helping their tenants through giving them a one month free rental. Majority of the people today are facing financial crisis particularly for those who make living outside their homes so it will be a big help for them if landlords will be considerate this time.

First and foremost: this is the wrong subforum... It should be in offtopic or politics and society...



My opinion is a mix of things already said in this topic... My wife and I bought an appartment in a nearby city when the interest rates were low... We fixed it up ourself and we use the complete rent AND some of our own money to pay of the mortgage, keep the property in good shape, pay the extra taxes we have to pay, pay for an insurance,... Even with the rent, it costs us about ~€300/month out of pocket, but that's OK, our tenant still pays the complete interest + part of the loan.

I'd love to be a rich guy having 50 apartments, choosing between the 4 cars in my garage while one of my maids cleans the house... But the reality is that many landlords cannot afford to lower the rent. Sure, i could lower the rent by 100 or maybe 200 euro's/month, but any lower than that and i would be working for both my family AND the family of my tenant. I pay taxes to provide for a social security system. I pay a lot of taxes... I pay taxes when i make money, my employer pays extra taxes on top of this, i pay taxes when i spend money, i pay taxes when i die, i pay taxes for any piece of property i own, i pay taxes for the interest i get when leaving my money in my bank account... Sorry, i'm not going to support both my family and the family of my tenant that might be in troubles because of the covid-19 epidemy... He should receive help, but he should receive the help from the community... He payed taxes, he should receive benefits because he's locked in, it's not up to me to save him by myself.

I realise it's an unpopular opinion, but the idear that landlords are rich dudes rolling around in cash they squeeze out of their tenants is incorrect in a large portion of the cases.

I rent a room here in the city. The owner is currently living in America. The one in charge here is the sister of the owner. They have more than 20 rooms for rent, owned 3 to 4 car and have a canteen. No doubt they are rich. But they did know the word consideration. They strictly check that we are going to pay our rent for this month or else there will be a 500 pesos penalty.

and besides this is not an ornidary flue its virus that can easily be transmited to other people . They need to protect them self for the virus and no one is immune with that virus even politician can also be infected even royal family is now infected with that virus what do you think people will do to survive?

They will secured the money for another day expenses than pay the landlord for the rental. You should. Understand that they also i need in this situatuion delaying the payment for rental or cut it to half is really big help for them.

From today our city ( whole country is also locked down) is locked down for 10  days and the government has declared general leave for the employers of Govt and non Govt institutions. Few land lords has cut down monthly rent of March. Others should do this noble action now for the shake of humanity. We are now locked at home from today. I will pray for the whole human being that may Allah save us from this Corona Virus.

Im a tenant and would like to here a good news from our landlord that he would not charge us for a month or atleast giving us a discount for the time being.

But its understandable if he cant do that because everyone are having a hard time (unless you're from a well-off family) due to the lockdown. Thats why in time like this those who have savings can survive, but if you're a kind of person who dont save then its really a problem if an unexpected situation like this occur.

Why not? In some Europe countries petrol stations give free coffee for medical workers. Also there are volunteers, who buy and bring food to people who are not able to get out easily from house. Also in my country one "food brunch" gives free lunch to medical workers, police, firemen and volunteers. Food is simple, rice and a little meat, but it is free and they work 24/7, even though they are closed for regular customers due to COVID-19. Of course the food is not free, each portion cost 0.50 euro. But everything is bought on money raised on charity. There are thousands people who sit home, but desire to help.

You do have a point, but this will only be possible for those who aren't feeding off the rent money, for example where I'm from families build houses to feed their own families, once the money get deducted they won't have enough to sustain with their families too

It's not Covid and I'm going to keep repeating that till people get it. Governments, companies, the banks everywhere will be so happy to have this virus pandemic to blame for the global meltdown in economy, but watch the past 2 years and see the signs. Things were going bad before corona even appeared. And remember how stocks were at all time high a few weeks ago? Then exploded down? That was when government tried to cover everything up and make a bubble. Things go bad eventually man.

Why was this moved to altcoin?


They have, but in general they need to be more firm with things like quarantines. Many people are abusing it/not taking it seriously.

I'm not one for government intervention, but what they are doing in Israel is actually probably the best, even though it is a tad scary. Having a list of people expected to be on quarantine and just validating that they are taking it seriously w/ risk of fines is probably the best to get people to actually take it seriously.

In Canada, we haven't even gotten as far as fines yet. It's still in threatening mode.

Really.... This is a virus that is transmitted to human and there is panic and fear so many people are not investing again and naturally, the economy will be shut down by itself. In this case, the government won't even need to make a legislation about shutting down but people are not ready to put in money.

It will be hard if we head with the basic needs issue.

We will leave this matter to the government, because they will know the better for us (maybe).

Lookdown and all provisions will be made by the government so that when they make a policy they must provide a solution to the policy.

I think, the current situation is very favorable for cryptocurrency activists. They still have a chance to gain money through trading even for those who know this forum they will use it as side income.

And what's next? Free food?

I think the economy shouldn't stop for a crisis like this, i know is inevitable because with all people in a panic then tons of them start saving money and the other ones starts closing their business, but landlords shouldn't cut down their rents, i think that's absurd.

It is a right thing to do at a crunch time as we have now. We bear and share in one another's burden. However, don't be shocked when you see people trying to profit from others' misery. Humans are like that. BTW, what OP asked for can be easily done by the government as a landlord rather than individual landlords. Except the individual landlords are affluent philanthropists like Bill Gates, it will be difficult at a time like this because they too will claim they have financial obligations to meet.

Interesting. The tenants could help the landlords in some ways too in order to convince them easily.. . Better still, both the tenants & landlords could help each other...
 There should be jobs the landlords would love to get done that the tenants could do. In the end, the landlords and tenants serve each other.
But it's better not to expect anything from your tanents especially if they can't afford to pay their rents. Good tanents would work for their landlords without waiting for them to demand for work in return of free rents.




People should also consider living in tents or with family/friends if their landlords refuse to help.

I have seen inspiring posts that was shared on social media about not charging their tenants for the whole month. But I can't do that, instead I'll still give my share and will cut 50% of the whole month of rental. If I can sustain to give them a free month, I will but my savings isn't enough and I still rely on those monthly rentals. We haven't reached out some help and that's why it's the best that I can do for them and I hope that my tenants will still appreciate it.

Canada government is doing great job on such issues. They have declared a great financial package to support the service class people as well as business class people. Read their entire plan below,

https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html

But it's not same for many other countries. Especially in my country which is run by highly corrupt politicians and police force. Prices of regular commodities have gone up already and our government is doing nothing.

good suggestion's they can actually make it free if they are not really in need the money. Its just a consideration for the crisis thier country experience today and to help thier tenant to survive the lockdown happening in thier country.
 If possible give them a groceries that they can use daily , you should show some love to people who give you money and help you with your business not only when you need it but if they need it also.

The Covid -19 epidemic is causing a serious shut down of the economy worldwide. This is really serious that it is causing fear and attendant hardship.

I was thinking it would be nice to also show a measure of help to people inhabiting your premises and properties. You can support them in terms of cutting down their rent payment for this season that they stayed isolated at least they were unproductive especially those whose livelihood requires them to go out daily for "daily bread".

I heard some governments are supporting with feeding but I think individuals too can support by cutting down rent at this time that your tenant is unproductive.