All Forum Posts by: Jordan S.

My question is: will the section 8 authority turn down a lease altogether if they think the rent is to high? 

I ask this because I really don't want to lose a tenant that I have.  She has been there 8 years and is paying less rent than what any of the other units are paying.  If I bring the rent up to market on her unit, is section 8 flat out going to say no? Will she have to pay the difference? Or will it be a negotiation.  I would sooner leave the rent where it is at than cause her move out.  Any help is appreciated.

Thanks,

J

I am about to close on a 4plex in Washington state. I am looking for advice as it relates to the tenant leases and security deposits. I understand the prorated rents go on the HUD and are settled at closing. I need help on the formal way to transfer the leases and security deposits. What is the best way to do this? What have other people done?