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Apartment Co. Offers Free Rent To Laid-Off Tenants

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Mar 19, 2009 1:27 pm US/Central

Apartment Co. Offers Free Rent To Laid-Off Tenants

CLEVELAND, Ohio (AP) ― A landlord is promising two months' free apartment rent if its tenants in Texas, Florida and North Carolina lose their jobs.

Goldberg Companies Inc. says layoffs have become the number one concern for prospective renters. In response, the company's "Layoff Proof Lease" program, as it's called, will begin Saturday.

Tenants will qualify after they've signed a 12-month lease and have made three rent payments. Goldberg says when they provide a termination letter or other proof of job loss, they will receive 60 days rent-free, and after that time they may back out of the lease.

Senior vice president Jordan Goldberg says his family's company hopes its offer will attract new tenants to its properties and help retain current ones.

Goldberg Companies Inc. owns property in Dallas and San Antonio.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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