Property Management Agreement Sample Page 18

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c. Security Deposit. Procedures concerning deductions from, and return of,
security deposit; with interest to the extent required by law, and any key
deposit.
d. Utilities and Other Charges. Tenant's responsibilities concerning utility
services to the dwelling unit, other services to the dwelling unit, other services
provided by Owner or Manager, and any parking or other charges.
e. Maintenance. Maintenance duties of tenant and of Owner, respectively,
separately listed.
f. Alterations. Requirement of Owner's or Manager's consent to alterations of
the dwelling unit, listing examples; and to changes of keys and locks.
g. Use Restrictions. Restrictions on tenant's use of the dwelling units, including
hazards, noise, nuisance, etc.
h. Changes. Tenant's obligation to report changes in tenant's household,
employment status or income.
i. Rules. Tenant's and all other occupants' obligation to comply with any
approved rules and regulations issued by Owner or Manager. A copy of any
such rules shall be attached to the Tenant Lease.
j. Other. Other provisions customarily included in apartment leases or advisable
for the Development, and all provisions necessary to comply with the
Requirements.
k. Attachments. Acknowledgment of tenant of any attachments to the Tenant
Lease.
l. Subleasing Prohibition.
Subleasing of the dwelling accommodations is
strictly prohibited.
9. Execution. Manager shall execute each Tenant Lease as agent for Owner.
Student Household Prohibition. Units placed in service under the Low Income
10.
Housing Tax Credit program cannot be occupied 100% by full-time students unless
the occupants meet one of the exceptions identified in Section 42 of the IRS Code.
D. Project Based Voucher Units
1. Leasing Guidelines. Refer to the HCV Administrative Plan for specific program guidance
regarding the PBV Units.
Sample Property Management Agreement RAD Conversion Sites
Term:
Page 18

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