Lease and Contract Execution
The family and the owner must sign a lease with for an initial period required by the HPHA. The owner may provide their lease and the HPHA will attach the HUD Tenancy Addendum to the lease. HPHA does not sign the lease. The lease is between the owner and the section 8 voucher holder. The family may also be required to pay a security deposit directly to the owner and HPHA does not subsidize the security deposit. The owner is responsible for collecting the security deposit and the family’s share of the rent directly from the family. The owner and HPHA must sign the Housing Assistance Payments (HAP) contract no later than 60 days after the commencement date of the lease and other documents necessary to initiate the payment. HPHA will pay the rent subsidy directly to the owner.