Rental unit and mortgage deferral
Hi,
Would like some help around this question. I would still get a banks opinion on the matter but would like to hear what the RFD community thinks.
Say I had a tenant that was living with a roommate (subleted) at my rental. What if the subletted tenant were impacted by a layoff and decided to leave due to financial reasons. As a landlord, do I have a case for mortgage deferral because this one person now has to pay 100% by themselves? This solo person was only impact financially by COVID due to the person being laid off and moving out and their financials are still in check.
Thanks!
Would like some help around this question. I would still get a banks opinion on the matter but would like to hear what the RFD community thinks.
Say I had a tenant that was living with a roommate (subleted) at my rental. What if the subletted tenant were impacted by a layoff and decided to leave due to financial reasons. As a landlord, do I have a case for mortgage deferral because this one person now has to pay 100% by themselves? This solo person was only impact financially by COVID due to the person being laid off and moving out and their financials are still in check.
Thanks!