SAAA July 2020 Special Edition Residence Magazine | Page 36

When a Resident Fails to Pay Rent During Covid-19 Can I send a notice to vacate or file an eviction? Can I charge late fees or other charges related to nonpayment of rent? Can I charge other fees unrelated to nonpayment of rent? Yes Is Your Property Subject to the CARES Act? No I don’t know Yes YES, you can send a notice to vacate (for any reason), file an eviction and charge late fees subject to state, county or city orders, ordinances or rules Are you a “covered property”? NO, you cannot send a notice to vacate, file an eviction or charge late fees until July 25, 2020 (Notice to vacate must then have 30-day notice when delivered after the 24th of July) Private Equity/ Owner Financed I don’t know Financed by federally backed multifamily mortgage loan or federally backed mortgage loan (Fannie Mae or Freddie Mac) Subject to VAWA including Tax Credit/Section 8/ LURA/Bond Rural housing voucher program Other* (check link below) No Ask your supervisor, owner, risk mgmt. dept. or attorney Yes Please note: This flow chart is designed to give a general overview of how the CARES Act affects an eviction for nonpayment of rent. It is not intended to address any particular facts, situations or circumstances. This flow chart should not be relied on as a legal guideline. Before a notice to vacate is given and before an eviction is filed, you should consult with the appropriate professionals to determine the correct course of action. * https://nlihc.org/federal-moratoriums The data found in this link is a list (provided by the National Low Income Housing Coalition) of multifamily properties with 5 or more units covered by the federal eviction moratorium. “The list includes HUD-assisted and USDA-assisted affordable rental properties, Low Income Housing Tax Credit properties, FHA-insured multifamily mortgages, and securitized multifamily mortgages from Fannie Mae and Freddie Mac. The property list is not comprehensive in that it does not include properties of less than 5 units and does not include non-securitized Fannie Mae and Freddie Mac mortgages.” 36Original JULY flowchart 2020 SPECIAL created EDITION by the Houston | www.saaaonline.org Apartment Association (HAA)