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samedi, décembre 3, 2022

CANADIANS LEASING THEIR FLORIDA PROPERTY THIS YEAR SHOULD BE CAREFUL ON THE FINANCIAL ABILITY OF THEIR TENANT

Date:

 

The FEDERAL CARES Act automatically prohibited evictions until late July for any tenant living in a property with a federally-backed mortgage or in a building participating in certain government programs. CDC moratorium technically applied to all renters, but its protections were not automatically granted. Instead, tenants were required to complete a declaration form stating they were eligible for protection under the moratorium and submit it to their landlord.

Lawmakers have passed two emergency rental assistance — $25 billion in December and $21.55 billion as part of the American Rescue Plan passed earlier this month by the Biden administration.

 

There is a call on the Biden administration to extend and to strengthen the CDC’s eviction moratorium, which is currently set to expire on March 31, so that renters have more time to receive financial support and pay off money owed to their landlords.

The CARES Act’s eviction protections only apply to “covered dwellings,” which are rental units in properties: (1) that participate in federal assistance programs, (2) are subject to a “federally backed mortgage loan,” or (3) are subject to a “federally backed multifamily mortgage loan.

Because of the decrease of Canadian winter residents visiting Florida this year, some Canadians have rented out their residence. There are not many cases where their renters qualify for the moratorium on rent eviction because the Canadian owners, in most cases,  do not have a federally insured mortgage on their property.

However some tenants have refused to vacate the property for non payment of rent and because of the delays in the court system because of COFID-19 an eviction can become a slow process, especially if you attempt to collect unpaid back rent.

 

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