Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 MCO - Tenant ask for discount / waive, only residential landlord can poll

If your Tenant ask for discount / waive
 
Give (Please share what package you give) [ 19 ] ** [45.24%]
Don‘t Give (Please share the way how you reject him professionally) [ 7 ] ** [16.67%]
Tenant didn't ask for it [ 14 ] ** [33.33%]
I am Tenant, this thread is lame [ 2 ] ** [4.76%]
Total Votes: 42
Guests cannot vote 
views
     
TSwoolei
post Mar 30 2020, 03:00 PM, updated a long time ago

Regular
******
Senior Member
1,745 posts

Joined: Jan 2013
Hi All,

user posted image

i know there is already a discussion at https://forum.lowyat.net/topic/4930465
but that one dont give poll options, so it doesn't serve as a reference for me.

for my case, my tenant is already asking this question at morning, i still haven't decide what to do yet.
zemega
post Mar 30 2020, 03:13 PM

Enthusiast
*****
Junior Member
723 posts

Joined: Jul 2008
As a ex-tenant, I believe the best action is deferment like the bank loans. Or turn it into interest free loans. Defer for a few months, maybe 3 months. After three months, maybe pay back 50% more rent each month until no more debt.

Work out a plan with your tenant. Find out whether they are still working at home with reduced income or no income at all. Make a black and white whether its deferment or convert to loan or both.
JSern
post Mar 30 2020, 04:00 PM

Getting Started
**
Junior Member
191 posts

Joined: Jan 2012


If the tenant said they are unaffected and still working full time at home through their computer(as a consultant, editor, etc...), then there's no point to waive off their rent.

This post has been edited by JSern: Mar 30 2020, 04:11 PM
Captain89
post Mar 30 2020, 07:09 PM

Jiken
*******
Senior Member
3,190 posts

Joined: Dec 2017

QUOTE(zemega @ Mar 30 2020, 03:13 PM)
As a ex-tenant, I believe the best action is deferment like the bank loans. Or turn it into interest free loans. Defer for a few months, maybe 3 months. After three months, maybe pay back 50% more rent each month until no more debt.

Work out a plan with your tenant. Find out whether they are still working at home with reduced income or no income at all. Make a black and white whether its deferment or convert to loan or both.
*
What if tenant having trouble to follow up rental even before MCO. Now trying to deferment rental for few months and telling tenant to pay more to recover previous rental would cause more damage to tenant and headache to landlord. Giving discount package is the most ideal IMO.
zemega
post Mar 30 2020, 08:40 PM

Enthusiast
*****
Junior Member
723 posts

Joined: Jul 2008
QUOTE(Captain89 @ Mar 30 2020, 07:09 PM)
What if tenant having trouble to follow up rental even before MCO. Now trying to deferment rental for few months and telling tenant to pay more to recover previous rental would cause more damage to tenant and headache to landlord. Giving discount package is the most ideal IMO.
*
Business is business. Leniency and help can be given, but if the tenant is bad business for no reason, kick them out.

I won't comment on them not paying before this. But this is a hard time for everyone, maybe defer the rent for these period, but not making it free or gives discount.


It's up to you how much you want them to pay. Maybe 50% is too much for them. Say 10% over the next ten month will be easy on them. Also tell them no smoking or drinking alcohol for them.

You will be like a bank in this situation, you don't want the borrower to default, declare bankruptcy and lose all your money. You will want them to continue paying and recover all your money even it takes a longer time.

I'm not a landlord though. It's just a personal view.
Humanoid
post Mar 31 2020, 02:33 PM

Getting Started
**
Junior Member
139 posts

Joined: Apr 2012
one thing u need to be very clear with urself and clear with ur tenant is.... this DEFERMENT is not free money... just defer backward only... not u not need pay, is pay later (maybe interest imposed aswell).

This post has been edited by Humanoid: Mar 31 2020, 02:34 PM
JSern
post Mar 31 2020, 06:12 PM

Getting Started
**
Junior Member
191 posts

Joined: Jan 2012


QUOTE(Humanoid @ Mar 31 2020, 02:33 PM)
one thing u need to be very clear with urself and clear with ur tenant is.... this DEFERMENT is not free money... just defer backward only... not u not need pay, is pay later (maybe interest imposed aswell).
*
The deferment part is very correct, but the interest part is very subjective and may end up losing your tenant for just a small profit (unless your area is prime and you wanna hint to kick your troublesome tenant out lol)

This post has been edited by JSern: Mar 31 2020, 06:14 PM
propertymart
post Mar 31 2020, 07:14 PM

Getting Started
**
Junior Member
288 posts

Joined: Oct 2010


The new tenant i have i m giving 50%
I collect Rm800 instead of Rm1600 for month March

Location of property : Yulex - Taman Cheras

April he say will pay full if resume work at 16th April

Be nice to them. They be nice to you smile.gif😁

 

Change to:
| Lo-Fi Version
0.0411sec    0.70    7 queries    GZIP Disabled
Time is now: 9th December 2025 - 09:00 AM