What if I Can’t Pay My Rent?


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Not being able to pay your rent is not an enviable position to be in. In fact, if not properly managed, it can be catastrophic. A tenant that is unable to keep up with their rent may be going through a number of issues. If, as a tenant, you realize you are not going to be able to pay your rent, there are certain steps you can take to remedy the situation or to soften the blow:

Adjust Your Budget: So, you have a lot of money going to groceries, or you are fueling two cars. Why not cut back a bit on the groceries, fuel one car, or take the bus to work, if possible? Look at certain things you don’t really need at the moment, and then stop them. You are probably going through a rough patch, it is only right that you steady the ship, and how do you do that? You regulate your expenses in such a way that you will be able to carve out enough money for your rent. Some tenants are not sensitive enough to their financial situation, and as such they find themselves stuck in a rental default situation.

Talk to Your Landlord: This may come as a surprise to you, but landlords are not monsters (they are just fierce), some of them are actually very considerate and compassionate. Even for purely business-minded landlords, a defaulting tenant may still find favour. Usually, if a good and consistent tenant were to be in such a situation, the landlord may give a helping hand, by reducing rent, allowing the tenant to continue tenancy till they get the required amount of cash. To help the situation, it is best to inform the landlord as soon as possible, so the landlord can know the necessary steps to take. This is where a good rapport with your landlord might just save your tenancy.

Seek Help: If you can’t pay your rent, can’t cut back any more on your expenses, and your landlord has refused to help you, then you are clearly in trouble and urgent help is required. You can get help from your family, maybe they can help you out with the rent till you get back on your feet. You can also ask your employer for a work loan, if your employer is compassionate enough. There are also charity organizations that support tenants going through certain challenges.


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