Thoughts on handling request to defer rent multiple times
Curious on how others handle tenants asking to defer rent for a 3 months. They have asked before and pay after they get financing, but they are asking multiple times. Curious on how others have handled requests similar that occur multiple times?
[{"id": "itx1j1p", "text": "This would be a serious red flag for me and would require further investigation.\n\nI had many similar requests in 2020 during covid , and all the landlords wanted to see financial statements /balance sheets / etc.  before discussing a rent deferral.", "replies": [], "depth": 1}, {"id": "itxfcsk", "text": "Red flag indeed.!\n\nDepending on your local market, landlord could ask autorisation to advertise space for lease as they are effectively asking to be in arrears and not pay rent so why shouldn\u2019t landlord advertise space for lease with 30 days notice for tenant to vacate until the lease is back in good standing.\nDepends on your bargaining position.\nAsk for at least operating costs maybe?  See financials and understand the cause?\nTenant may be a \u00ab\u00a0sinking ship\u00a0\u00bb who is trying to buy time.  Better to get ahead of it and control situation from landlord\u2019s point of view.\nDo you have a personal guarantee?  If not can you get one in exchange for rent ?  Any concessions landlord wants from tenant?  Now is time to ask.", "replies": [], "depth": 1}, {"id": "itxyp4u", "text": "Any more times than 1? I'm asking for trailing 12 and last 2 years tax returns. You need to show me why, then we can talk.", "replies": [], "depth": 1}, {"id": "itzgofr", "text": "They\u2019re spending it all on beer anyway!", "replies": [], "depth": 1}]