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Updated about 2 years ago,
Section 8 tenant question
Hi experts!
I recently purchased multiplex in Ohio. One of unit is occupied with section 8 tenant who is paying lower than a market rent (also lower than current section 8 rent).
I’d like to confirm the following items:
1. Do I need to submit an ownership change form?
2. Current condition of the building and unit needs some repairs and maintenances. If I request a written request (assuming it passed 1 year period), is there any chance that section 8 rent can be decreased because of the unit/building condition?
3. I’ve heard horror stories re section 8 in Ohio area. Should I send a lease termination letter to the tenant since it is currently MtoM and find new tenant?
I am new to all of these and want to hear from others who have more experience.
Thank you!