Monday, June 1, 2009

Heartless Evictions No More

Renters will now enjoy a 'rent holiday' and a rent-free month if their home is repossessed due to their landlord's failure to pay the mortgage.

This takes a load off the shoulders of renters all around the country who are only too aware of current the precarious nature of accommodation.

While it was once seen as a safe option, the reality now facing tenants is that by renting, you double the risk of being turfed out. If you can't pay your rent, you're out. If your landlord can't afford to pay the mortage, you're out - and this happens more often than we'd like to think.

The risk is still there but a little of the pressure has been relieved, for now.

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