CLOSEThe coronavirus pandemic has pushed Deborah Pusatere to convert all her tenants’ one-year leases into rolling month-to-month agreements. The landlord in upstate New York oversees 80 apartment units. When a tenant’s lease is set to expire, she offers them a more flexible contract to move out at any time with a 30-day notice. “A lot of people are still losing their jobs,” Pusatere says. “They don’t know if their jobs are coming back. So I don’t want someone locked into the lease if they need to relocate to another state, or have to move for a job opportunity in a month.”Pre-pandemic, there was great value and security in longer-term leases for both landlords and tenants. Under a typical yearlong contract, residents have more time to make their space feel like home, while property owners avoid lost rental income and vacancy costs.But that framework doesn’t make sense for some renters and landlords in a post-outbreak world where financial uncertainty looms over the economy. TikTok ban:Can influencers really get people to switch apps like Triller?Property owners set on cutting losses say they are offering more flexible agreements than they have since the financial crisis. And tenants who want the freedom to move if the pandemic flares up are asking for terms and concessions that would’ve been out of the question before the coronavirus


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