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SF’s Biggest Landlord Forgives 50% of Missed Rent for 4 Months

Veritas waives 50% of missed rent, but tenants must promise to repay the rest within 1 year
By - posted 8/7/2020 No Comment

Thanks to KQED for letting us know that San Francisco’s largest landlord, Veritas, has pledged to forgive 50% of missed rent from April through July for residential and commercial tenants along with pausing any evictions and rent increases throughout the end of 2020.

But tenant advocates say the offer doesn’t go far enough. The pledge comes with a caveat that tenants must enter an agreement to pay back the other half of their rent over the next 12 months.

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Tenants groups want Veritas to provide 100% rent forgiveness from March (when Shelter-in-Place began) through Aug. 31 and also called on Veritas to contribute $3.6 million to a small business relief fund – the same amount the company received as PPP loan earlier this year, loans intended for small businesses.

Read more on KQED