The eviction moratorium? It's back—at least for the time being—and commercial real estate groups are up in arms.
Under direction from the Biden administration, the Centers for Disease Control and Prevention announced a new "temporary" eviction moratorium into place on Tuesday, Aug. 3. By the morning of Aug. 5, real estate and landlord groups filed lawsuits, challenging the legality of the move, according to a complaint filed by the National Apartment Association, Darby Development Company, GWR Management, McLean Investments, and Shander International.
"As a result of the CDC Order and their consequent inability to exercise their constitutional property rights and contractual rights, property owners in the United States have suffered enormous economic consequences," the complaint states in part. "Without limitation, while continuing to incur all costs of ownership, they have been unable to evict non-rent-paying tenants from rental units and to generate income by leasing those units to rent-paying tenants. The CDC Order has appropriated the owners' right to exclude. Estimated financial losses industry wide amount to tens of billions of dollars."
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