HUD Proposed Rule - 30-Day Notification Requirement Prior to Termination of Lease for Nonpayment of Rent HUD Proposed Rule regarding a 30-day...

This proposal came out on December 1st by HUD.  While the attachment has a lot of verbiage in it, focus your attention to the far right of page 1, under the Heading "DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT".

All should read from that point forward.  Yes there is a lot to read, but remember this is "your business", which is coming under attack from all levels of government.  This one just happens to be at the Federal level.

Those of you who attended the Landlord Bootcamp Training Event earlier this month, will recall the the CARES Act is already causing a great deal of confusion over what is considered "proper notice" and the definition of what is a "covered property" seems to be ever evolving.

While the status of just how long the CARES Act and it's related requirements for those who accepted housing assistance is getting more traction and dialog, there are similar proposals like the one you will read about here from HUD that have been brought forth by the State through the Tenant Protection Package Bills that came out on October 18th, and continue to roll out as we speak.

Grass Roots Advocacy, combined with a State level legislative team effort has to be one of your "Priority 1's" in laying out your 2024 Business Plan.  We have been talking about this now in our monthly member meetings for the past few months, and we will continue to have this discussion for the months to come.

No one will fight for the freedom and rights you have as a Business Owner better than "you".  We can layout a roadmap and a plan moving forward, but in the end we all need to have some level of involvement and engagement in this work.

Click on this link to read the article coming at us from the Federal level:

HUD Proposed Rule - 30-Day Notification Requirement Prior to Termination of Lease for Nonpayment of Rent

Rick Van Der Leest