Coronavirus Pandemic, April Fools' Day

- Apr 01, 2020-

What happens if you can't pay rent on April 1 because of coronavirus

For millions of tenants who have lost their jobs because of the coronavirus pandemic, Wednesday is D-Day: The monthly rent check is due. That could pose a nationwide dilemma because 3.3 million Americans filed initial claims for unemployment insurance the week ending March 21 and a similar number may have sought benefits last week. That means virus-related layoffs or reduced hours may have topped 6 million just in the past two weeks. Fortunately, the vast majority of tenants will be getting a reprieve through federal, state or local moratoriums on evictions. Many landlords will similarly get a break on mortgage payments, though others could still be on the hook even if their tenants are delinquent.

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