The U.S Supreme Court has decided to end the nationwide eviction moratorium, and this decision could have a major impact on landlords all across America.
The moratorium will officially end on October 3rd, 2021.
This decision will allow property owners to evict tenants who are late on rent payments or do not pay their rent at all.
It also means that property owners can seize back any items left behind after an eviction in order to recoup losses from unpaid rent and other damages.
Here's what this announcement means for landlords.
There Will Be a Massive Backlog in Courts for Evictions
Now that the Supreme Court has ended the nationwide eviction moratorium, there will be a massive backlog in courtrooms all across America.
This means that landlords will have to wait months or even years before their cases are heard by a judge and eviction is executed on tenants who do not pay rent.
This is definitely bittersweet news for renters across the country.
Landlords Will Have to Retrieve Unpaid Rent From Tenants Themselves
Because of this decision, it may no longer make sense for landlords to use an eviction service because they'll need to evict tenants themselves if they don't pay up what's owed.
If you choose not to hire an attorney when filing your own case, then you'll want to read about how evictions work so that nothing goes wrong with the process.
Landlords Will Have to Wait Before Creating New House Listings
Because of the backlog in courtrooms, landlords will have to wait before creating new house listings for rent.
This means that tenants won't be able to find and contact property owners as quickly regarding rental properties. If you've lost money during the pandemic, it's going to be a while before you can recoup these losses.
Tenants May Be Willing to Pay Back Rent to Avoid Eviction
Tenants may be willing to pay back rent so that they don't have to worry about getting evicted or having their belongings seized by property owners.
If you're a renter who has fallen behind on your payments, then now is the time to act because landlords will resume eviction proceedings if late-paying renters do not catch up on overdue rents soon.
Relationships Between Renters and Landlords Will Continue to Sour
The Supreme Court's decision to end the nationwide eviction moratorium could continue to sour relationships between renters and landlords.
This means that tenants may be less willing to pay their rent on time or in full if they know that it will take months before a landlord can evict them, which then makes it harder for property owners to recoup any losses from unpaid rents.
The Bottom Line
The Supreme Court's decision will have a significant impact on the housing market across the country. Whether you're a renter or a landlord, it's important to learn how this news can affect you.
To learn more about the eviction moratorium's end date, read this article to receive more helpful details.