Pandemic has resulted in a lot of ups and downs in the ways we see health, life, relationships, jobs, business, and clients and also in the way we see landlord-tenant relationships. Pandemic was all about uncertain times, insecurities and in these times a lot of people became a safety net for other people to fall on, and that’s how we all tried to go through these rough times together. One major impact was seen in the ways tenant and landlord relationships functioned in these times.
Factors That Impacted Landlord-Tenant Relationship In Covid-19
A few of the landlords who chose the best property management services had a greater safety net.
However, for landlords who lost their tenants but were living in another property, could sell their other property if they were in dire financial distress.
These instances are now re-shaping the relationship between tenants and landlords.
What Is A Landlord-Tenant Relationship?
An association formed between two people as a result of an agreement in which one person occupies the other's real property with permission and for a fee.
The term "landlord" refers to someone who owns property and rents it out to others for a fee. The person who occupies the property is referred to as a tenant. A lease or rental agreement is an agreement between a landlord and a tenant.
A lot of times landlords take the help of the best property management services out there to manage their property and find a tenant for them, under those circumstances, the services become a third party however they do not change the relationship between landlord-tenant.
Krishna Thankful To His Landlord For Backing Him Up During Lockdown
Pandemic had hit China and was at its peak in January of 2020, however people of India could not even think that Pandemic would hit the country sooner and a lot of dynamics would change. Krishna was residing in Bangalore in a rented house nearby his office. He would regularly go to his office, have parties with friends on the weekends and everything in his life seemed to work out just fine. But then the pandemic hit, the airports were closed and everything went into a complete lockdown. Isolated from his family, Krishna was stressed out but still had his job. His landlord who lived nearby kept a check on him with continuous calls and made sure he had all his regular supplies, helping him out. However, things became worse for Krishna when he lost his job and could pay no further rent. Since the transportation system was also not working properly, he was stuck in this home without an idea where the next rent would come from. His family too were going through hardships and hence these turn of events left Krishna at the mercy of his landlord. His landlord, however, offered him a solution to this grave situation, he told Krishna that he can pay the rent in installments in the future and still stay as a tenant till the situation becomes better. This came as a relief to Krishna and he was utterly grateful to his Landlord. When the Lockdown was lifted, Krishna managed to find another job and slowly and steadily cleared all his debt. This one great gesture from his landlord in times of crisis strengthened their bond so much that now both of them at times depend upon each other like a family. For his Landlord too, having a trustworthy tenant has resulted in much peace and comfort.
With such stories around here’s how the relationship between a tenant and a landlord is going to transform post-pandemic:
Thanks to the lessons of the pandemic, landlords-tenants are evolving more and understanding the true value of each other.
More and more Landlords are also opting for the best property management services as they need these services to get a better safety net should another pandemic or any other crisis happen. Best Property Management Services ensure that the tenants are reliable, get the legal tussles done, and manage property in a way that gives the landlords the support they need in such situations.