Rent to Owner. a. The initial and redetermined rent to owner are established in accordance with HUD requirements. b. During the term of the lease (including the initial term of the lease and any extension term), the rent to owner may at no time exceed: (1) The reasonable rent for the unit as most recently determined or redetermined by the PHA in accordance with HUD requirements, or (2) Rent charged by the owner for comparable unassisted units in the premises.
Appears in 4 contracts
Samples: Residential Lease Agreement, Residential Lease Agreement, Lease Rental Agreement
