A service of Plain English Consulting: Free and concise advice for small business owners and managers. Tom Ealey is a veteran CPA (Ohio) and management consultant, a retired business professor, writer, and seminar leader. Opinions are those of the author. Contact: businessofsmallbusiness@gmail.com or tomealey@gmail.com
Wednesday, April 1, 2020
(Almost) Everything is Negotiable - Part 1
Rent is due, and you are short on funds.
First, do not dodge the landlord. Call the landlord and tell them your status. The landlord should have guessed already.
Some landlords have called their attorneys and are going to immediately send eviction notices. Besides being dumb many courts are closed or only during urgent matters so this is probably going nowhere fast. Forward the letter to your attorney.
Why doesn't your landlord really want to evict you?
1. finding a replacement tenant will be difficult
2. a replacement tenant will make lots of demands, given the crazy market
3. every empty month guarantees funds lost forever
Should you make contingency plans to be evicted? Of course. Posts on "Preparing for the worst" will becoming soon.
Usual disclaimer: this is not professional advice, see your own attorney and CPA for professional advice
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