Section 8 Guidance Needed. Asking Rent $2450

[Andy S.]

Hello,

A tenant wishes to rent my property via Section 8. This is the first time I am planning to be a section 8 landlord.

I expect voucher approval to be around $2150, hence $300 short. How do you folks recommend I cover the additional $300 rent via paperwork? Should this be a separate lease from the one done for $2150 via Section 8? Does NJ law allow such as separate lease? If not what is the other legal way to get this additional lease incorporated?

Thanks

[Chris Davidson]

@Andy S. contact the department that runs Section 8 where your rental is located and ask some questions. Each area is different. Some people are not approved for full subsidies and have to cover the rest out of pocket. However most Section 8 programs are pretty easy to get set up in as they are looking for more units. 

I would be careful as I don't think two leases is ever going to be the correct answer though and that does sound like a legal issue.