What Does the CDC’s Eviction Moratorium Mean for Landlords?

Sep 14, 20 • News, Real Estate

 

Due to the current COVID-19 pandemic sweeping the country, the Centers for Disease Control (CDC) issued an order (the Order) on September 4, 2020, that temporarily places a moratorium on residential evictions. This order is in effect from September 4, 2020, through December 31, 2020.

At this time, many tenants have questions about how the order works: What exactly is a “moratorium on evictions”? To whom does the Order apply? What do they need to do? Likewise, many landlords are wondering: Does this mean that all of their tenants can stop paying rent? Is this the same as the recent CARES Act? Can the CDC even issue an order like this? Fortunately, the expert real estate attorneys here at The Farah Law Firm can help you interpret this recent action and provide answers to your questions. (more…)

What Does COVID-19 Mean For Ongoing Real Estate Transactions?

Mar 26, 20 • News, Real Estate

COVID-19 and Real Estate Transactions

With the recent outbreak of the novel coronavirus (COVID-19) in the United States, all Americans are forced to wonder how this pandemic will affect their lives going forward. It’s hard to imagine any aspect of life that won’t be affected by this global tragedy.

Landlords, tenants, and real estate investors in particular are already facing many difficult questions. How will this crisis affect your contracts? What are your options? Does the coronavirus excuse your performance, or will you be forced to pay damages in the event you cannot perform? What will happen to your residential and commercial leases?

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