Rental housing operators turn to payments plans to support residents financially impacted by COVID-19

MARINA DEL REY, Calif., April 13, 2020 /PRNewswire/ — LeaseLock, the only provider of a nationwide A-rated lease insurance program that totally eliminates security deposits, surety bonds and guarantors in rental housing, today announced the results of an analysis examining the impact of the COVID-19 crisis on rent payments at apartment communities in the U.S.

(PRNewsfoto/LeaseLock)

According to LeaseLock’s initial analysis, there was a slight increase in payments on the national level on April 1st when compared to the first of the preceding three months. However, while there is a natural decline in payments after the first of the month, there was a sharper decline in full rent payments in April during the typical

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