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Evictions and foreclosures will be largely prohibited until Oct. 17 under an extension of a temporary moratorium renewed by Gov. Charlie Baker in July. The ban is intended to protect renters and homeowners who are suffering financially because of the coronavirus pandemic, but some landlords say the ban is hurting them financially in return.
Our cash flow is only that rent money remaining after we have met our obligations for:
• Mortgages
• Utilities
• Federal and municipal taxes
• Municipal water and sewer
• Insurance
• Materials and supplies
• Contractors for building maintenance improvement
• Snow removal
• Lawn care
When these bills go unpaid, there will be a resounding ripple effect throughout all these municipalities and services that depend on the pass-through spending of the landlords.
H.4878 HD.5166 and SD.2992 will effectively:
• Cancel, not postpone, cancel rents for the period March 10, 2020 onward until 12 months after the end of the state of emergency (whenever that is);
• Put the cost of a public health emergency on the backs of mom and pop businesses;
• Enact just cause eviction rent control, outlawing rent increases, hindering major renovations, and creating permanent tenancies; and
• Enact eviction sealing, making it impossible to screen tenants adequately, and unexpectedly creating secret courts open to bribery and corruption.
How about a relief program for the landlords? If the government is forcing the landlords to pay for something that was not caused by them, the government should take responsibility for the consequences.
How about a relief program for the landlords?
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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Evictions and foreclosures will be largely prohibited until Oct. 17 under an extension of a temporary moratorium renewed by Gov. Charlie Baker in July. The ban is intended to protect renters and homeowners who are suffering financially because of the coronavirus pandemic, but some landlords say the ban is hurting them financially in return.