So Herbert has issued a deferment for rent until May 15. This article doesn’t specify any contingencies - like if a tenant is laid off- just a blanket deferment. How does that work? If someone still has their job, they still don’t have to pay rent?
Landlords do a lot with rent money more than just throw it out in their swimming pool of money and swim around in it. They use to to do maintenance, repairs, pay taxes, she even often pay utilities. With no rent coming in, if tenants HVAC went down, how do they pay for an HVAC service repair? Do they just not pay the utilities if they don’t get rent, and let the tenants complain about it? Education is the biggest recipient of property taxes. Dues a landlord get a 1/12 reduction in property taxes since they lose a months worth of rent, and tell educators they lose a months worth of pay?
https://www.ksl.com/article/46737066