COVID-19 Statement

Dated: March 26th 2020

To Our Valued Clients

As we have been navigating through the constantly changing forecast of this pandemic we are finding tenants in need of financial support and assistance from our governments to continue to secure their homes. We have already reached out to some of you to discuss tenants concerns and requests for rent deferrals. These rent deferrals are exactly that, we are deferring an agreed amount of rent to a later date when, one, funding comes through from the government, or two, the tenant has been able to resume a normal working schedule and income.

To qualify, tenants must prove that they are financially (laid off or closed business practice) or physically (due to illness) unable to secure income during this period of social distancing and/or self isolation.

If your tenant has reached out to us and is unable to meet the obligations of their tenancy agreement, we will reach out to you. If your tenant has not reached out to us we are assuming they are able to pay the rent as they usually do.

The Provincial Government has just announced the following measures:

  • $500/month supplement to assist tenants in paying rent
  • Suspension to all evictions
  • Rent freeze, any rent increases expected will be deferred to a later date (to be determined)
  • Landlords cannot inspect or enter a tenants home unless there is imminent danger

The Federal Government has also offered relief in the amount of $2000 per month for those who are out of work, sick or looking after someone who is sick.

Once again, we will contact you if your tenant is having concerns and we together with the tenant will find an acceptable deferral amount and future payment plan so everyone can meet their obligations. With regards to costs, Advent will only be scheduling emergency and essential services repairs.

We are all working to make sure we get through this together!

Please be safe and if you have any questions do not hesitate to email michelle@rentwithadvent.com

Michelle Farina, President & Managing Broker