1 in 5 Renters Asked for Rent to Be Postponed or Canceled in Last 6 Months

Industry News,

Nearly a quarter of renters — 22% — have asked their landlord for a postponement or cancellation of rent at some point in the last six months, according to new research from Entrata, a developer of property management software. Their reason: The pandemic was having an impact on their finances.

With 17% of respondents saying they were unable to pay rent at all, the pandemic could lead to long-term financial consequences for some.

Even before the COVID-19 outbreak led to job losses and furloughs, some renters had little in the way of a financial cushion:

  • 20% said they had no savings at all
  • 39% reported having less than $1,000 in savings…Read more.