Markdej, Other/Just Looking in Outside U.S.

What info, and from where, regarding Section 8 lease terms should a new owner obtain when purchasing a multi unit with section 8 tenants?

Asked by Markdej, Outside U.S. Tue May 29, 2012

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If you're buying a property with existing tenants, make sure you get copies of all the leases as part of your disclosure.

Another resource is go to City Hall's Housing department --- give address of the property and see if it's on their record as being approved (or even required) for Section 8 tenants. Some owners may have gotten low interest loans from the city in exchange for accommodating Section 8 tenants.

For Richmond CA see http://www.ci.richmond.ca.us/index.aspx?NID=86
0 votes Thank Flag Link Tue May 29, 2012
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