Rules & Regulations of the State of Tennessee
Title 0770 - Housing Development
Chapter 0770-03-01 - Moderate Rehabilitation Program
Section 0770-03-01-.03 - TERM OF HOUSING ASSISTANCE PAYMENTS CONTRACT AND LEASE

Universal Citation: TN Comp Rules and Regs 0770-03-01-.03

Current through December 26, 2024

(1) Term of Contract - The contract for any unit rehabilitated in accordance with the program may be for a term of up to 15 years, provided that the contract term may in no case extend beyond the expiration of the term of the Annual Contributions Contract established by HUD for the applicable project.

(2) Term of Lease - The term of the lease for each unit must be for not less than one year. The lease may, or in the case of a lease for a term of more than one year must, contain a provision permitting termination on 30 days advance written notice by the family.

(3) Renewals of Lease - Any renewal or extension of the lease term for any unit must in no case extend beyond the remaining term of the Annual Contributions Contract.

Authority: T.C.A. § 13-23-115(18).

Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.