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Updated over 6 years ago,

User Stats

43
Posts
5
Votes
Mal K.
  • Rental Property Investor
  • Lancaster, NY
5
Votes |
43
Posts

Social services rent assistance

Mal K.
  • Rental Property Investor
  • Lancaster, NY
Posted

I’m in the process of purchasing a residence with inherited tenants (month to month without a lease). Rent charged is under fair market and one of the tenants is receiving a partial rent assistance from social services. I’m planning to do some renovations and raised rent to current market. Currently, ss is covering 70% of monthly rent and a tenant is responsible for 30%. If I raised rent by $100 to a fair market rent for 2 bedroom apartment in my area are social services obligated to increas their portion of assistance? Thanks 

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