Rules & Regulations of the State of Tennessee
Title 0770 - Housing Development
Chapter 0770-03-02 - Development and Operation
Section 0770-03-02-.07 - EXECUTION OF HOUSING ASSISTANCE PAYMENTS CONTRACT
Universal Citation: TN Comp Rules and Regs 0770-03-02-.07
Current through September 24, 2024
(1) Time of Execution.
(a) Upon acceptance of the unit(s) by the
Agency and acceptance of the certifications by the Agency the Contract will be
executed by the Owner and the Agency. The effective date must be no earlier
than the Agency inspection which provides the basis for acceptance.
(2) Changes from Agreement.
(a) The Contract Rents may be higher or lower
than those specified in the Agreement in accordance with requirements of
0770-3-1-.07.
(3) Unleased Unit(s).
(a) At the time of
execution of the Contract, the Agency will examine the lists of dwelling units
leased and not leased, and will determine whether or not the Owner has met the
obligations with respect to any unleased unit(s) and for which unit(s) it will
make vacancy payments if the unit(s) is not leased within 15 days. The Owner
must indicate in writing either concurrence with this determination or
disagreement, reserving all rights to claim vacancy payments for the unleased
unit(s) pursuant to the Contract, without prejudice by reason of the Owner's
signing the 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.
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