Tenants continue to remain safeguarded from eviction. The CDC extended the eviction moratorium until June 30th 2021. This provision was set to expire at the end of March. The federal government extended this deadline just two days before it was set to expire.
Rent Relief has slowly been trickling out to landlords and tenants. Landlords and tenants can both apply for the funds. Typically, funds have been allocated to landlords first to handle property expenses and outstanding mortgages.
In New Jersey, the rent relief website had crashed when it first opened due to extraordinarily high traffic. Nationwide, it’s estimated that outstanding rent balances are close to exceeding $70 billion dollars.
Application Link to Apply – the funds remain open for both landlords and tenants to apply to.
Landlords may consider sending this link to their tenants who have fallen behind, as well as applying for relief themselves.
Feel free to contact with any questions.
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If you have further questions and would like to discuss in greater detail, please contact me here:
Investment Property Loan Requirements
Robert O’Keefe, ROK Realty
Broker of Record – Keller Williams Park Views
(201) 372-4084 (cell: text/call)
(201) 939-0050 (office)
