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FHFA: Multifamily Property Owners in Forbearance Must Inform Tenants of Eviction Suspension, Tenant Protections

Thursday, August 6, 2020 - 9:15AM

The Federal Housing Finance Agency announced today that multifamily property owners with mortgages backed by Fannie Mae or Freddie Mac who enter new or modified forbearance agreements must inform their tenants in writing that the tenants cannot be evicted for nonpayment of rent during the COVID-19 pandemic. Landlords in forbearance must also inform tenants of other protections, including at least a 30-day notice to vacate, no fees or penalties for not paying rent and the flexibility to repay owed rent over time and not in a lump sum.

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