Lease Agreement Template
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18LEASE AGREEMENT
[Development Name]
THIS LEASE AGREEMENT is entered into on the
day of
,
, between
, LANDLORD, and
, TENANT, for a dwelling unit identified as
, located at the
following address:
, in the apartment project known as
.
The development of which the dwelling unit is a part has been financed by the Michigan
State Housing Development Authority (the "Authority") and is subject to a Mortgage made by
LANDLORD to the Authority.
LANDLORD and the Authority have entered into a Housing Assistance Payments
Contract (the "Contract") under the Section 8 Housing Assistance Program (the "Program"),
which Contract has been approved by the United States Department of Housing and Urban
Development ("HUD"), and provides that Housing Assistance Payments shall be made to
LANDLORD on behalf of TENANT on the basis of family income, family composition and certain
exceptional medical or other unusual expenses.
The Contract contains a rent schedule establishing the rent for the dwelling unit to be
occupied by TENANT, known as the Contract Rent. In addition, a Utility Allowance has been
established by HUD for the unit. The Contract Rent and the Utility Allowance make up the total
housing cost for the dwelling unit, which is known as the Gross Rent.
That portion of the total housing cost for the dwelling unit, or the Gross Rent, to be
contributed by TENANT will not exceed 30% of TENANT's adjusted household income. This is
known as the "Total Tenant Payment." A recertification of TENANT's income and family
composition will be obtained at least once a year, and whenever else required by HUD, and
TENANT's Total Tenant Payment will be adjusted by LANDLORD to reflect income and family
composition changes shown by any recertification.
The rent payable by TENANT to LANDLORD under this Lease will be determined by
subtracting the Utility Allowance for the dwelling unit from the Total Tenant Payment that
TENANT must contribute.
Because LANDLORD has determined that TENANT is eligible to occupy the dwelling unit
and will contribute a Total Tenant Payment that is less than the Gross Rent specified for the
dwelling unit, IT IS AGREED THAT:
1.
Term. The initial term of this Lease is one year, beginning on
,
, and ending
on
,
, with automatic renewals as specified in Section 21, or until terminated in accordance
with Section 24.
Use the following if any utilities (in addition to telephone, cable TV and/or satellite dish service) are to be
paid separately by the tenant:
2.
Rent and Other Charges.
a.
The Gross Rent established for the dwelling unit is $
per month, and the
Contract Rent is $
per month.
b.
The total amount to be contributed by TENANT toward rent and utilities is $
per month (the “Total Tenant Payment”). Because TENANT is required to pay separately for some utilities
(see Section 3 below), a Utility Allowance of $
per month has been established by HUD for the
dwelling unit. After deducting the Utility Allowance, the amount of rent TENANT must pay to LANDLORD
(the “Tenant Rent”). TENANT must pay the Tenant Rent in advance, on or before
every month is $
Legal 068/Section 8
Rev. 9/94; 12/94; 3/97; 9/99; 1/02; 7/02;
2/03; 6/03; 3/04; 7/08; 6/13;
Page 1 of 18
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