How do I create a repayment plan?
Management and landlords are always willing to work with tenants who are struggling to pay their rent. If a tenant is facing financial difficulties and cannot pay their rent, they can reach out to the management company and discuss a repayment plan. This involves breaking down the outstanding balance into manageable payments that the tenant can make over time. The management company can also help the tenant connect with local social programs that offer rental assistance and counseling.
This is an important tool to prevent evictions and ensures that the tenant can remain in their home while they work through their financial difficulties. It's important for tenants to be proactive in communicating with their landlord or management company if they are unable to pay rent on time. This can help to establish a plan and prevent any legal action or late fees.
Email or call your management team to discuss your options!