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 Hi do u give discount to your tenant?

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SUSgsem984
post Mar 25 2020, 11:03 AM, updated 6y ago

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An answer from my friend. Do u think it makes sense?
QUOTE
Hi boss i checked with my friends who are renting shoplots. Your problem is not uncommon but no landlord is giving discount. The standard practice in this situation is deferment and payback by installment. Example rental 1k in april can defer, but pay 1.2k in the following 5 months. Pls understand rental income is not like other businesses where u can earn less this month but earn more next month to recover the losses. If i give discount that would mean direct instant loss that can never be recovered. This is the reason why banks also dont give discount to loan takers instead only deferment or rescheduling.

SUSgsem984
post Mar 29 2020, 09:21 PM

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The best way is to professionally follow the tenancy agreement to kick.him out. Dun tag too much personal emotion into it


QUOTE(Iroquois Plissken @ Mar 29 2020, 06:45 PM)
Guys, mind giving me your opinion on my tenant (commercial property). A bit long, so please bear with me!  notworthy.gif

He's been renting since 2014 and was always on time with rent, however this year his business (phone and computer repair shop) has taken a hit and has been late with rental since January. Last month he missed the due date and I had to call him after 2 weeks wondering where the rent was. He asked to pay half with the balance later. Since he was an exemplary tenant I told him he can pay the balance next month (which is this month) under the assumption that March rental will be paid along with it.

He did ended up paying the balance, but didn't paid this month's rent (which was due even before the lockdown) and has been avoiding my texts. I finally got trough him today and he told me that all surrounding tenants are getting a 50% discount so he's asking me if I could grant him the same leeway.

I told him I would have given him a nice discount had he had been more proactive with the situation and not waited until I called him (and ignoring my texts). I gave him one last chance to come call me back by the end of this month to come up with a better proposal (I can't afford to give 50% discount for the next 6 months as rent is my main source of income).

I consider myself a fair guy. I scolded him for not being proactive and also praised his past record. I told him it was extremely upsetting that he has been avoiding paying the rent and my texts since I already called him last month saying that if he has problems, he is free to CALL ME and talk it over. What do you guys think and what kind of compromise should I reach with this dude?
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