May apartment rent strike focuses on legislative relief during pandemic [Seeking Alpha]
Preferred Apartment Communities, Inc. (APTS)
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Source: Seeking Alpha
FinancialsMay apartment rent strike focuses on legislative relief during pandemicApr. 27, 2020 9:54 AM ET|Preferred Apartment Communi... (APTS)Liz KiescheNationwide efforts to get apartment tenants to stop paying rent on May 1are focused onWall Street JournalIn New York, rent strikers are calling for legislators to adopt "universal cancellation of any rent, mortgage, or utility payments owned or accumulated during the length of this crisis," according to a "Rent Strike Toolkit" document being circulated by tenant groups.Such groups are asking people who can afford rent to join the strike in order to send a more powerful message to elected officials.Unlike previous rent strikes that call for lower rents or concessions from landlords, some in this movement say that landlords will need help as well. Government could provide financial assistance to pay for building staff and maintenance, some of the rent strikers said.The Cosmopolitan Houses tenant association in New York wrote a letter
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