The Tenant Payment Plan Phasing Temporary Act of 2025 mandates that providers of commercial or residential rental properties offer and maintain rent payment plans for eligible tenants who entered into agreements between March 11, 2020, and July 25, 2022. The bill outlines specific requirements for these payment plans, including a minimum term of one year, the waiver of fees or penalties, and the assurance that tenants will not be reported as delinquent to credit agencies. Providers must also notify tenants about the availability and terms of the payment plans and cannot require lump-sum payments.

Additionally, the bill stipulates that providers must approve applications for payment plans from tenants who demonstrate financial hardship due to the COVID-19 public health emergency. It prohibits providers from filing collection lawsuits or evictions for nonpayment of rent during the program period unless the tenant defaults on the payment plan. The act is set to expire 225 days after its enactment, ensuring temporary relief for tenants affected by the pandemic.