By Ari Chazanas, Founder and Chief Executive Officer, Lotus West Properties
During the Coronavirus Pandemic, we have been faced with numerous challenges. One of them is the eviction moratoriums, which is legal authorization for indebted commercial and residential renters to postpone their rent payments to landlords. Tenants may wish to extend the eviction moratorium and landlords wish that it may soon end.
At this time, we anticipate that the eviction moratoriums may be extended long before being repealed; With the original due date for the State of California’s eviction moratorium having expired on January 31st only to then be extended to June 30th, one might expect that this latest expiration date to again be extended by May or June. Many renters and landlords must now anticipate their next action steps with the latest expiration date on the horizon. The Coronavirus has certainly changed the landscape of evictions and rent collections. Even online unlawful detainer and other court hearings may become commonplace.