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TODAY'S OTHER NEWS

Landlord allows tenant to live in his property rent free for five months

As the escalating coronavirus pandemic continues to wreak havoc, a number of tenants have been left in extremely vulnerable situations. 

Many who have become ill, lost their jobs or are caring for relatives are desperately worried about how they will pay their rent. But one extremely generous landlord has decided to give his self-employed tenant a five-month rent break during the coronavirus outbreak.

Paul Bradshaw, from Loughborough in Leicestershire, has given his tenant, a father-of-four who was already in rent arrears,  a rent-free period for five months to help cope with the outbreak of Covid-19. 

Bradshaw said he had been contacted by other landlords who had "done similar" with their tenants.

The 32-year-old posted about his gesture on Twitter, calling on other landlords to do what is “morally correct”.

Bradshaw said: "I think the word profit just needs to be forgotten about right now and everybody just needs to try and break even through this.

"People that owe money to those self-employed, people that have got invoices outstanding - I think we all have a responsibility right now just to try and help people in any way that we can."

Poll: Would you consider offering your tenant a rent-free period during the coronavirus outbreak?

PLACE YOUR VOTE BELOW

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    I think as a landlord we are placed in a difficult position. Potentially giving tenants a rent break sounds great but i have mortgages to pay and the rent is my only income so i would go bankrupt very quickly. Its a very worrying time , i am incredibly worried

    Ljolly

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    I agree. This my problem is now your problem approach is not on. I’m all for helping folks but firmly believe this is why we contribute vast amounts to the state on everything we earn and buy. This should be the first port of call for anybody that needs help.

     
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    Nice to read this, a generous offer. I have done similar in the past for tenants who got into difficulties but unfortunately when you have mortgages to pay it is not so simple. A couple of my tenants have now contacted me to say they are off work due to Corona, one couple will try for Universal Credits. I've said we'll discuss again when the rent is due, I would be happy just to cover the mortgage payments but also suggested to one that rent could come out of the deposit if they prefer (they are very good tenants who look after the house extremely well). Well let's see what happens and try to keep positive.

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    That is why small deposits are a crazy idea.

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    ... " ALREADY in Arrears " ! is the key here.
    The Landlord isn't running a business ( because they can't be run that way ) but a hobby.
    With a hobby, its just an interest you have and making a profit isn't a consideration.
    Also, you can't live off or feed your own family on hobbies.

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