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. Additionally, it stipulates that tenants retain their rights under the lease and provides a process for applying for these plans, which can be done online or by phone.

The legislation also prohibits providers from filing collection lawsuits or evictions for nonpayment of rent during the program period unless they have offered and approved a payment plan. It defines eligible tenants as those who have experienced financial hardship due to the COVID-19 public health emergency and outlines the responsibilities of providers in retaining applications and handling complaints. The act is set to expire 225 days after its enactment, ensuring a temporary relief measure for tenants affected by the pandemic.