the lease

What if an owner wants to use their own lease?

The owner must use their own lease.  The lease is a legal document between the owner and the tenant.  The Lease Addendum provided by LHA amends the owner’s lease to guarantee that all HUD program regulations are followed.  An owner may not have two leases for the same tenant. 

What must be included in the lease?

The lease must contain the following items:

The name of the owner and names of all adult tenants. All tenants must have legal                         capacity to enter into a lease. 

The rent must be equal to or lower than the rent reasonable amount as determined by the                 Housing Inspector.

The address of rental unit including an apartment number if applicable.

The term of the lease must begin in the same month as and prior to the Housing Assistance Payment Contract.  The term of the lease must be for 12 months.  The term can not be for more than 12 months. 
Example:  A lease that starts on 1-15-2010 must end 12-31-2010.

Renewal terms must be established specifying what happens after the initial 12 months.
Example:  The lease continues as a month-to-month or year-to-year renewable term.

The utilities and appliances (stove/refrigerator) that are supplied by the owner.

The utilities and appliances (stove/refrigerator) that are supplied by the tenant.

Signatures of both the owner and tenant. 

 

THE LEASE PAGE TWO