Well I knew it was coming, especially now or at least in part due to the media having put forth the suggestion in many news items suggesting a rent reduction request to your landlord, may be in order in light of these new circumstances upon us.
I received recently what could be the first of many rent reduction requests. Hopefully not.
Case by case to be considered, however its a balance, dependent on ones own individual sufferance as a landlord not by any means immune to the effects of Corona and personal circumstances that go beyond that.
In my tenants situation, it is genuine and he is more affected than most others as he is directly involved in the tourism industry which has now come to a grinding halt.
Granted that rent generally is the single largest expense in a tenants day to day life , but why exclude from the expense equation a discount request from other necessary expense factors such as power, water, food etc?
The media focus and centering , almost always toward the landlord as the goto fall-guy is a worn out bias that needs to be curtailed.
Anyone else received a request and what are your general thoughts?
I received recently what could be the first of many rent reduction requests. Hopefully not.
Case by case to be considered, however its a balance, dependent on ones own individual sufferance as a landlord not by any means immune to the effects of Corona and personal circumstances that go beyond that.
In my tenants situation, it is genuine and he is more affected than most others as he is directly involved in the tourism industry which has now come to a grinding halt.
Granted that rent generally is the single largest expense in a tenants day to day life , but why exclude from the expense equation a discount request from other necessary expense factors such as power, water, food etc?
The media focus and centering , almost always toward the landlord as the goto fall-guy is a worn out bias that needs to be curtailed.
Anyone else received a request and what are your general thoughts?
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