General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
Section 8 Question
Hi all,
I just purchased a duplex that is fully occupied and the tenant in the lower unit is a Section 8 tenant. Before closing on the property, the previous landlord showed me the rents and she received $425 from the state and the tenant paid $300 per month. She did not have a lease agreement however so I am implementing mine tonight with the tenant. I have never rented to a Section 8 tenant before so I was wondering how to write up the payment terms and monthly rent. I'm assuming I would state that owes $725 monthly? Thanks in advance for the help..
Rob