Covid Clause in Lease Agreement

Covid Clause in Lease Agreement

If you`re on the hunt for a new rental property, you may have come across a term that`s new to many renters: the Covid clause. This clause refers to a specific provision that has been added to many lease agreements since the pandemic began. While the specifics of the clause may vary from one lease to another, generally, the Covid clause covers two main areas of concern for renters during this unprecedented time: rent payments and property access.

Rent Payments

For many renters, the financial impact of the pandemic has been significant. Job losses, reduced hours, and furloughs have left many renters struggling to make ends meet. The Covid clause acknowledges this reality by providing rent payment flexibility for renters who can demonstrate that they`ve been impacted financially by Covid-19.

In some cases, the Covid clause may allow renters to defer their rent payments for a specific period of time. For example, if a renter has lost their job due to Covid-19, the clause may allow them to defer their rent payments for three months or more. In other cases, the clause may allow renters to pay a reduced rent amount until they`re back on their feet financially.

Property Access

The pandemic has also raised concerns about property access for renters. Some renters may feel uncomfortable having maintenance workers or contractors enter their homes amid concerns about the spread of the virus. The Covid clause addresses this issue by providing renters with increased control over who enters their rental property.

Under the Covid clause, renters may be allowed to limit access to their rental property, except for emergency repairs or maintenance. The clause may also include provisions for increased cleaning and sanitizing of common areas, such as hallways, lobbies, and elevators.

The Bottom Line

The Covid clause is a relatively new addition to lease agreements, but it`s one that many renters may find helpful during these uncertain times. If you`re considering signing a lease, it`s important to read the entire lease agreement carefully, including any Covid clauses. Make sure you understand the specifics of the clause and how it may impact you as a renter. If you have any questions or concerns, don`t hesitate to reach out to your landlord or property management company for clarification. With the right information, you can make an informed decision about your rental property and have peace of mind during these challenging times.

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