Authority Reimbursement for Unpaid Rent and Damages Sample Clauses

Authority Reimbursement for Unpaid Rent and Damages i. After the Participant moves from the Contract Unit, the Contractor may (subject to State and local law) use the security deposit, including any interest on the deposit, as reimbursement for any unpaid Resident Rent or other amounts which the Participant owes under the Occupancy Agreement. If any portion of the security deposit was received from the Participant, the Contractor must give the Participant a written list of all items charged against the security deposit and the amount of each item. After deducting the amount used as reimbursement to the Contractor, the Contractor must promptly refund the balance to the Participant, up to a maximum of the amount originally collected from Participant. The Contractor will report to the Authority concerning any of the remainder initially paid from rental assistance funds. The Authority will advise the Contractor on the disposition of these funds. ii. If the security deposit is insufficient for reimbursement, or if the Contractor did not collect a security deposit, the Contractor may claim reimbursement from the Authority for an amount not to exceed the lesser of: a. The amount owed the Contractor; or b. One (1) month’s Contract Rent less, in either case, the security deposit actually collected, or the maximum amount permitted under the Program Regulations. Any reimbursement under this section is applied first toward any unpaid Resident Rent and then to other amounts owed by the Participant. The Contractor may not claim any reimbursement from the Authority for unpaid Resident Rent for the period after the Participant moves from the Contract Unit. iii. The Contractor shall comply with all State and local laws regarding interest payments on security deposits. The amount refunded to the Participant shall include the amount of interest payable. iv. To make a claim under this section, the Contractor must immediately notify the Authority when the Participant has moved from the Contract Unit. The Contractor must submit to the Authority, as soon as possible, written documentation supporting the claim for reimbursement, including evidence of billing to and nonpayment by the participant. The Authority has the right to inspect the unit with the Contractor to determine the extent of any damage.
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Related to Authority Reimbursement for Unpaid Rent and Damages

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