You support a state bill that would offer us tax credits to supplement our loss of rent, but most mom-and-pop landlords don’t need tax credits. What we need is a monthly check not only to pay for the units we rent out, but also our own homes, groceries, utilities, medical bills and more.
Tax credits are great for large corporations, but what small landlords need is a monthly check. If you drive mom-and-pop landlords out of business, tenants in California will be at the mercy of large corporate entities.In 1872, after the Civil War disrupted many contracts, the California Legislature enacted Civil Code Section 1511. It already excuses nonpayment of rents and mortgages caused by government regulation or disasters such as the COVID-19 pandemic.
Just require banks to defer mortgage payments to the end of the loan under Civil Code Section 1511. That’s the only fair answer, and it’s the law.To the editor: