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The months of April and May were a nightmare for rent collections. Things may not improve dramatically in June, July, or August. And with evictions temporarily barred in so many jurisdictions, landlords may feel they have no choice but to put up with tenant defaults and negotiate the best possible settlement arrangement.
But hardball may still be an option, at least with tenants that have guarantors. Here’s a strategy you can use to leverage the guarantors’ obligation to collect the unpaid rent without resorting to eviction or litigation.
