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Temporary ban on tenant evictions, grace period on mortgage payments

Temporary ban on tenant evictions, grace period on mortgage payments

For renters and homeowners who have suffered economically in a significant way from coronavirus-related matters, some temporary relief is on its way.

California Gov. Gavin Newsom has negotiated an agreement with nearly 200 banks and mortgage servicers for a grace period of up to 90 days for borrowers with significant documented losses. The agreement also ensures that the use of the grace period will not affect the consumer’s credit score. Read more about the agreement's details.

The Lakewood City Council has approved a temporary moratorium, through the end of May, on residential and commercial tenant evictions due to a documented lack of financial resources related to the coronavirus. Tenants are still liable for the back rent, but have 180 days to make full payment. Governor Newsom recently gave cities the authority to approve such moratoriums as part of his coronavirus emergency orders. The text of the Lakewood ordinance can be viewed here.