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Executive Order – Commercial Rent Suspension

Agency / Department: Executive Order

Resource: Commercial Rent Suspension

Details: Gov. Mike DeWine signed an executive order to aid the state’s small businesses. This includes a plea to lenders and landlords, asking them to suspend payments for 90 days. This order provides some assistance for small businesses in the area of their mortgage and rent payments. The goal of this is to prevent foreclosures. You know that the federal government stopped the foreclosure on residential mortgages. You know that through actions of the legislature, the courts have the ability to suspend eviction,” Husted said.

“But there is a connectivity problem – if someone can’t pay their rent and we’re not evicting them, then the person who owns the complex isn’t getting the money they need to pay their commercial loan. So we are creating a 90-day pause,” he said.

Link: https://www.wtol.com/article/news/health/coronavirus/how-many-coronavirus-cases-in-ohio/512-febac183-bf77-4e31-9ece-74e17828ee0f

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