This HOME Rental Assistance Contract ("Contract") is entered into between the "City of Anytown,
Department of " (program administrator) and the Landlord identified above. This Contract
applies only to the Tenant family and the dwelling unit identified above.
1. TERM OF THE CONTRACT
The term of this Contract shall begin on
1
and end no later than .
2
The
Contract automatically terminates on the last day of the term of the Lease.
2. SECURITY DEPOSIT
3
A. The (program administrator) will pay a security deposit to the Landlord in the amount of
$__________. The Landlord will hold this security deposit during the period the Tenant occupies
the dwelling unit under the Lease. The Landlord shall comply with state and local laws regarding
interest payments on security deposits.
B. After the Tenant has moved from the dwelling unit, the Landlord may, subject to state and local
law, use the security deposit, including any interest on the deposit, as reimbursement for rent or
any other amounts payable by the Tenant under the Lease. The Landlord will give the Tenant a
written list of all items charged against the security deposit and the amount of each item. After
deducting the amount used as reimbursement to the Landlord, the Landlord shall promptly refund
the full amount of the balance to the [Tenant/program administrator].
C. The Landlord shall immediately notify the (program administrator) when the Tenant has moved
from the Contract unit.
3. RENT AND AMOUNTS PAYABLE BY TENANT AND (program administrator)
A. Initial Rent. The initial total monthly rent payable to the Landlord for the first twelve months of this
Contract is $______________.
B. Rent Adjustments. With no less than
4
days' notice to the Tenant and the (program
administrator), the owner may propose a reasonable adjustment to be effective no earlier than the
13th month of this Contract. The proposed rent may be rejected by either the Tenant or the
(program administrator). The Tenant may reject the proposed rent by providing the Landlord
1
Insert the first day of the term of the Lease.
2
The maximum allowable length of a HOME Coupon Contract is two years.
3
Modify the paragraph based on PJ policy.
4
Insert the number of days notice the owner must provide of a rent increase. At least 60 days is
recommended to enable the program administrator 30 days to review the rent and still enable the
landlord to give the tenant 30 days notice.