Dallas Apartment Offers Free Rent To Laid-Off Tenants

The landlord of one Dallas apartment complex is promising two months' free rent if its tenants lose their jobs.

Goldberg Cos. Inc. is making the same promise to its tenants in Ohio, Florida, and North Carolina.

The company says layoffs have become the No. 1 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.

Copyright AP - Associated Press
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