May 1 Rent Payment

DirtPoor wrote: ↑ May 1 will be my last rent payment that I'll be making before my lease contract ends on June 1 (I'm moving out).

For landlords, do you guys feel more secure that the rent payment would be made since many people are getting EI and CERB payment support from the government?
Or would May 1 and onwards be worse in terms of trying to get rent payment from tenants if lockdown persists?

jonnyb wrote: ↑ Are you asking if landlords are happy to receive their tenants rent payment?
Are you also asking if landlords feel they may have a difficult time getting it because of the lock down...where our unemployment rate sits at 7.8% and climbing?

CNeufeld wrote: ↑ What exactly are you trying to understand? Logic would say that the longer this goes on, the concerned landlords should be about getting their rent money. Many people who aren't employed aren't going to be getting their full paychecks anymore, regardless of support. And more companies will be experiencing financial issues, thus more people will be unemployed over time. We're only in the initial stages of something that none of us have any real experience with, so there's tons of uncertainty.

C

nx6288 wrote: ↑ My tenants have been letting me know that they received their EI/CERB and have communicated they don't expect any issues paying rent.

Question for you - are you moving out to another leased unit? What made you want to move out at this point in time?

Electrah wrote: ↑ You didn't have to pay last month's rent deposit? I would say May 1st because bills and condo fees and everything else is still due (I know some cities have postponed things like property tax).