Rent.com offers advise on how to ask for a Rent Deferral

Millions of Americans have been affected by the global Corona Virus pandemic, including thousands of workers being furloughed and laid off. Many are struggling to pay the bills and are falling behind on rent, but there are options that may help.

Rent deferral offers a renter more time and flexibility to make rent while still contributing funds to help a property owner meet their own financial obligations. It’s a very personalized agreement that takes into account the financial needs and challenges of both parties.

A rental deferment document will include a revised payment schedule to accommodate the renter’s changed circumstances, the total dollar amount to be paid and the duration of the agreement. At the end of the specified time period, the tenant will resume paying the regular rent in addition to paying the deferred rent.

The deferred rent is typically paid in a series of installments that are agreed upon by both the tenant and the landlord. As long as the renter meets the conditions of the rent deferral agreement, they will be able to stay in their home while the agreement is in effect.

During this global pandemic and economic crisis, the experts at Rent.com have put together some helpful information about how to go about proposing a rent deferral plan, including a sample letter that will help you know what to say when requesting some temporary relief.