If I were in the office, I might say, gee we got 312,862 folks sign this thing, that's 312,862 who don't get it, there seems to be more out there than we thought in favor of the old scam type stuff, maybe we should tighten up on compliance at a lower level, looks like we could be missing more than we thought.

Other times they are just like normal tenants and everything is as per the usual.Be aware that the rules are more strict in terms of compliance to rent to section 8 (HUD applies these rules), and your property will have to be inspected before doing so.

We then set perimeters by which we would approve use of a space heater as a temporary measure and monitored his compliance with proper use of the space heater.

Compliance issues would have been overwhelming if I had broken such activities down into seperate companies!

The penalty for non-compliance:$37,500 Civil Fine per dayPOTENTIAL $37,500 Criminal Fine per dayPOTENTIAL Jail TimePOTENTIAL Civil Law Suit from tenants or neighborsOur last class was 50% landlords covering their butts & protecting their business, as well as complying with the law.

the cost of compliance in the U.S. is just too high.I am afraid a concept such as MONEY360 will not be able to stay under the securities regulators radar.

You should run the way you structure your deals by a good real estate attorney to make sure you are in compliance :-)

That does not mean that your business does not have to comply with a myriad of federal laws and rules that requires setting up a formal Compliance Management System to deal with them.If volume is only a few houses a year, it is almost impossible to legally seller finance anymore because of all the new regulations.

Section 8 complicates things.If this was a standard rental my understanding is that the TENANT (at their own expense) can modify the place to be ADA compliant.They MUST however return the place to it's original condition upon leaving.With section 8 you have the yearly inspections.If they deem them disabled and upon inspection notate certain items to be in compliance then you must fix or decide to terminate the lease.Otherwise the inspector will fail you and put an abatement on the property until you comply meaning you get no rent payment from section 8.You have to also remember that there are Federal and State laws regarding tenant statutes.I am not giving legal advice just an opinion.Is there another provision in the lease where the tenant is non-compliant you can evict on?

Here is some info on that. http://www.oregon.gov/boli/crd/pages/index.aspx Most important, know the landlord-tenant law for your jurisdiction and establish your own rental criteria that does not discriminate against protected classes and is in compliance with the law.