Tenants v landlords
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 16 April 2020
⏱️ 18 minutes
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Summary
The daily drama of money and work from the BBC.
Transcript
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| 0:00.0 | Hello there, I'm Ed Butler. Welcome to Business Daily from the BBC. Coming up, the tenants crying foul as landlords get tough. |
| 0:09.2 | He was playing very hardball, so he said, if you're not out in two weeks, I'm going to come around and itemise your possessions still left in the flat and sell them off. |
| 0:18.3 | As coronavirus claims all manner of economic casualties, |
| 0:21.5 | we're asking where the buck stops with rents and mortgage payments. |
| 0:25.9 | If the renters don't have money, they don't have it. |
| 0:29.1 | But that's just moving it one step further down the economic chain |
| 0:32.2 | where the landlords then can't pay the mortgages. |
| 0:34.7 | And if the landlords can't pay the mortgages, the banks can foreclose, |
| 0:38.3 | the tenants will be evicted anyway. |
| 0:40.3 | That's all to come in Business Daily from the BBC. |
| 0:43.3 | It has been a tough time for tenants in many countries these days. |
| 0:49.3 | So imagine if you, just like this lady, Aisha, in Toronto, received an email from your landlord. |
| 0:56.5 | In an effort to recognize the financial toll of the current COVID-19 pandemic, I will not be cashing checks or depositing transfers for rent for the month of April. |
| 1:05.5 | To be clear, I'm not deferring the payment, but altogether eliminating April's rent. |
| 1:10.7 | Our hope is that this will provide |
| 1:12.3 | some financial relief to you and your families. Please keep well. How did it feel to receive that message? |
| 1:18.3 | It was great. I was shocked, first of all, because I feel like most landlords aren't doing this. |
| 1:25.2 | And unfortunately, a lot of people, including myself, have had not the best experiences |
| 1:30.4 | with landlords being super understanding. |
| 1:32.9 | So I was just kind of like taken aback for a second. |
| 1:36.2 | But I was like, I'm glad she recognizes the financial consequences of this pandemic right now. |
| 1:43.1 | So for us to have that money back in our pocket was like really nice. |
... |
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