Commercial Rent Relief Program
The Oregon Legislative Emergency Board on January 8, 2021, allocated $100 million to fund a new Commercial Rent Relief Program to provide financial assistance to small businesses and landlords adversely affected by economic conditions as a direct result of the COVID-19 pandemic.
The program targets landlords with tenant businesses with 100 or fewer employees who are behind on lease payments or any forgiven base rent amounts that have been negotiated due to COVID-19. The program will require both business tenant and property owner participation. The program includes additional protections for tenants, such as non-eviction clauses, and a waiver of penalties and interest.
Round one applications closed on March 22. Round two applications will open April 22, 2021. Check this page for details or sign up to be notified for COVID-19 news.
Who Can Apply?
Landlords are the ones who initially apply, but will need to have the tenant provide business information to determine application eligibility, and both landlord and tenant will ultimately provide information and sign a grant agreement. The applicable small business tenant must:
- be in arrears for delinquent Lease payments between March 1, 2020, and February 28, 2021, and the Tenant and Landlord agree to the amount of arrears,
- be a for-profit business
- lease property in the state of Oregon
- be headquartered in the state of Oregon
- employ 100 or less employees per lease as of February 28, 2021
- be actively registered to do business in the state of Oregon with the Secretary of State
- be compliant with all federal, state, and local laws
- not be a publicly traded company
- be open for business or intends to reopen for business when restrictions are lifted (if applicable) at the leased location.
Landlords must not be past due on federal, state, or local taxes as of December 31, 2019, nor be a publicly-traded company. For round two, landlords may be a publicly-traded company. Landlords with multiple properties and/or tenants may make multiple applications, one for each tenant business.
For more detail on eligible and ineligible applicants see the program details page
How Much is the Grant?
The grant can be up to $100,000 per each business tenant, and not more that $3 million for each landlord. The grant amount covers only base rent that is in arrears due to COVID-19 impacts or restrictions.
When and How Do I Apply?
Round one of the program opened for applications on March 8 and closed March 22, 2021. Round two will open for applications on April 22 and close May 6, 2021. Check this page for details or sign up to be notified for COVID-19 news.
Business Oregon will notify applicants if they have been selected, and will review additional information for accuracy and compliance with the program. Upon completion of a successful compliance review, Business Oregon will mail a check to the landlord.
What Will Be Needed for the Application?
There will be different items needed at different stages of the process. The initial application (Form 1) that closed March 22 was minimal. Below are descriptions of what will be requested at each stage.
Form 1 (Initial application, to be completed by the Landlord)
- Landlord name and address
- Tenant name and address
- Tenant’s number of workers (part/full-time)
- Tenant Business classification
- Base rent amount due and paid per month
Form 2 (Comes later, to be completed by Tenant)
- Tenant number of full- and part-time workers
- Business identification number
- Base rent amount due and paid per month
- Demographic survey
- If represented by a property manager or other agent, documentation that verifies signer authority to sign on behalf of the Tenant or Landlord.
Form 3 (Comes later, to be completed by Landlord)
- List of all owners with 20% or greater ownership
- If represented by a property manager or other agent, documentation that verifies signer authority to sign on behalf of the Tenant or Landlord.
- Demographic survey
- Provide a complete copy of the current and executed Lease. If the file size is larger than 2MB, please upload a copy of the first page only.
- W9 Form signed by the Landlord (or authorized representative)