Landlord Offers Free Rent to Laid-Off Tenants

Published:

Landlord offers free rent to laid-off tenants

 

Posted: Mar 19, 2009 12:20 PM EST
Updated: Mar 19, 2009 12:21 PM EST

 

CLEVELAND (AP) - A landlord is promising two months free apartment rent if its tenants in Ohio, Florida, North Carolina and Texas lose their jobs.

Goldberg Cos. Inc. says layoffs have become the No. 1 concern for prospective renters. In response, the company's "Layoff Proof Lease" program, as it's called, will begin Saturday.

Tenants will qualify after they've signed a 12-month lease and have made three rent payments. Goldberg says when they provide a termination letter or other proof of job loss, they will receive 60 days rent-free, and after that time they may back out of the lease.

Senior vice president Jordan Goldberg says his family's company hopes its offer will attract new tenants to its properties and help retain current ones.

Entry #238

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