The CARES Act includes a 120-day moratorium on evictions, late fees and other penalties for properties with federally backed mortgages (Freddie Mac/ Fannie Mae/ FHA /VA / HUD), beginning March 27th.
These prohibitions also extend to tenants receiving Section 8 vouchers.
Owners of properties with the government backed mortgages or tenants on rent assist are prohibited from serving eviction notices or filing evictions until July 25th. The law also requires a 30 day notice to evict, effectively not allowing evictions until August 24th.
This does not apply to tenants that are not receiving rent assist or living in a federally mortgaged property.
That said we are not charging late fees during this unprecedented time and urge other owners to do the same, because it its the right thing.
In WI you cannot evict or give notice for nonpayment to any tenant until 5/27/2020. The rent is, however, still due.
I will argue that it is in not only the tenants’, but also your best interest to work on payment plans for tenants who fell behind because of loss of income when you factor in the costs of unit turns.
Try mediation if you are having trouble working out a reasonable repayment plan. Maybe try meditation too. 🤔
We posted a bunch of resources to help tenants get through this at: https://apartmentsmilwaukee.com/r/
You can copy the page content into an email to your tenants, and edit out our contact info.
[…] backed mortgage. There are some other factors as well. For an overview see the prior posts on Eviction Moratoriums Under the CARES ACT and Eviction Moratoriums under Section 8, Rent […]
[…] your property or tenant is subject to the CARES act you cannot charge late fees until after July 24th, […]