The HACPFC will check to see that the proposed lease is to begin after the initial term of the current lease. If the proposed new lease includes an increase in the contract rent, the HACPFC will determine if the new rent meets rent reasonableness standards. HACPFC staff will check the proposed lease to see that all provisions are allowed under Federal regulation. A new inspection of the property will not usually be required unless the last annual inspection has not taken place. If everything is in order, HACPFC staff will calculate the new tenant portion of the rent, and prepare the tenancy addendum and HAP contract.
