Can I raise rent at end of lease on existing section 8 tenant?

[Alex D'Anjou]

Hi All,

I'm in the process of buying a multifamily that has an existing section 8 tenant in place. The unit she lives in is a 3 bed, 2 bath. She has been living there for 21 years paying $1200/month for that ENTIRE time. She has never seen a rent increase in 21 years. Why, I do not know.

Question: The HUD payment schedule for my area says a 3 bed runs (up to?) $2625 per month. At the end of this tenant's current lease can I raise the rent to $2600/month?

Thanks in advance!