Oregon Landlords Whose Tenants are Behind on Rent Can Now Apply for Relief | Seattle RE Podcast

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Landlords in Oregon whose tenants have fallen behind on rent during the coronavirus pandemic can now apply for relief from the state.

Applications for Oregon’s new landlord compensation fund opened Wednesday, nearly two months after state lawmakers allocated $150 million to seed the program.

Landlords can apply for relief to cover 80% of the rent they are owed by residential tenants dating back to April 2020. However, they will be required to forgive 20% of unpaid rent. Tenants whose landlords are approved for the money will have their unpaid rent bill forgiven for the months the landlord receives funding.

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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