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The End of The Federal Eviction Moratorium Is Coming – What Happens Next?

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The End of The Federal Eviction Moratorium Is Coming – What Happens Next?

eviction moratorium

Since the start of the Covid-19 pandemic in March 2020, renters in Portland have been protected from eviction thanks to the Center for Disease Control and Prevention’s eviction moratorium, which is part of the Cares Act.

With the current Federal Eviction Moratorium coming to an end on March 31st, it’s understandable that some renters in the PDX area are wondering what’s going to happen next?

In this article, we will answer this question, and provide you with insight into what the end of the Federal Eviction Moratorium means for renters in Portland.

multifamily property

What Happens When The Federal Eviction Moratorium Ends?

Once we reach March 31st, 2021 it’s unlikely that the Federal Eviction Moratorium will be extended again since most states have been classifying it as being ‘unconstitutional’ and have been striking it down.

This is good news for landlords, especially smaller ‘mom & pop’ landlords who have been struggling with staying afloat financially during the eviction moratorium, but what does the end of the CDC eviction moratorium mean for renters?

In Oregon, the statewide eviction moratorium (HB 4401) has been extended until June 30th, but to qualify, tenants must sign a sworn statement that their inability to pay rent is due to Covid-19.

HB 4401 requires landlords to provide tenants with a copy of a “Notice of Eviction Protection.” Tenants receiving the notice must sign and return the notice to the landlord declaring they have experienced specific financial hardship. Tenants that do not return the notice may not take advantage of the extensions provided by HB 4401. However, if the landlord fails to provide the notice, then the tenant may take advantage of the extensions without completing the declaration. A form for the notice and declaration is included in HB 4401.

Source – Jdsurpa.com 

Financial Relief Is Flowing TO Both Landlords And Tenants

Thankfully, money is flowing to both landlords and tenants as part of President Biden’s recent $1.9 trillion stimulus package.

The difficult part is getting that money into the hands of landlords and tenant’s people to delay eviction or foreclosure.

The good news is that lawmakers nationwide are eager to assist both landlords and tenants in 2021 as it’s easy to see that everyone is hurting after dealing with the economic disaster that has come from Covid-19.

With summer 2021 around the corner, this summer will likely be one to remember as everyone is eager to get back on track financially, plus back to normal, following the havoc of Covid-19 in the United States.

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Contact Rent Portland Homes – Professionals

At Rent Portland Homes – Professionals, we specialize in local property management for the Portland Oregon area.

If you own rental properties in Portland and want professional management, contact us today by calling (503) 447-7735 or click here to connect with us online.

 

 

 

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