Common Contracts
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Telephone: (xxx) xxx-xxxx Beacon Residential Management Limited Partnership RENTAL AGREEMENT - MassachusettsSeptember 12th, 2016
Resident acknowledges that Community Name is operated pursuant to the rules and regulations of the Low Income Housing Tax Credit Program (the "Program"). The Program provides for a specific maximum monthly rent which may be charged for the Premises, which amount is subject to annual adjustment based upon median incomes as determined by the U.S. Dept. of Housing & Urban Development (“HUD”). The Program also requires that the Premises be leased to "Qualified Households" as defined by Section 42 of the Internal Revenue Code of 1986 (“Section 42”) . At this property, Qualified Households must meet certain income limitations. Resident agrees to notify landlord immediately of any change in the composition of the household residing within the Premises, and changes in household income.
