Exp 3/31/2011
ADDENDUM TO THE RENTAL AGREEMENT
Affordable Program
CV Addendum to Rental Agreement (1/10)Page 1 of 1RA-1m(cv) 12/2007
Exp 3/31/2011
1.This Addendum is an attachment to the Rental Agreement dated, 20 for the dwelling unit: ______, located at ______in the property know as ______between ______as Owner/Owner’s Agent and______as Resident(s).
2.It is understood by the Resident(s) that the above named Owner is participating in a government regulated housingProgram entered into by the Secretary of Housing and Urban Development and Canyon Village Housing Solutions Limited Partnership. This partnership requires both Resident(s) and Owner to verify certain information and to agree to certain provisions contained in this Addendum. The Resident(s) shall cooperate with all Owner requirements related to such compliance and Program requirements.
3.The Resident(s) hereby certify(ies) that the information supplied by the Resident(s) to the Owner that was taken into consideration by the Owner in determining the Resident’s qualification to rent the premises, including but not limited to, the Resident’s application, Income Certifications, is accurate, complete and true in all respects. Resident(s) further certify(ies) that such information reported on future recertifications will be accurate, complete and true in all respects.
4.The Resident(s) has/have completed and executed a Household Certification Form prior to execution of this Addendum, and shall complete and execute further Household Certifications at the Owner’s request not less than annually hereafter within the time specified on a written request. Upon request by the Owner, the Resident(s) shall recertify the Resident’s household income, composition and supply all documentation required to prove Program eligibility, such as verifications of income from all sources. This will be done in a manner satisfactory to the Owner and as required by Program. Failure to provide accurate and timely income certification will constitute a substantial violation of this Lease.
5.Annual Recertification: The resident(s) acknowledge(s) that the annual recertification of the Resident’s household income must meet the limitations imposed by HUD for continued eligibility for the Program. The household’s next Annual Recertification is due by ______, 20 ______. The Owner/Owner’s Agent will contact the resident approximately 60 days prior to this date to begin processing the necessary paperwork. It will be the Resident’s responsibility to provide all necessary information so that the Owner may perform this task every year on or before the anniversary date of the preceding Household Certification.
6.Removal from the Affordable Program:If the Resident does not submit the required recertification information by the date specified in the Owner/Owner’s Agent's request, the Owner/Owner’s Agentwill change the Resident’s status to “Market”.Knowingly giving the Owner/Owner’s Agent false information regarding income or other factors considered in determining Resident's eligibilityis a material noncompliance with the lease. In addition, the Resident could become subject to penalties available under Federal law. This program is regulated by the United States Department of Housing and Urban Development.
7.This lease addendum will terminate automatically, if the Use Agreement between the Secretary of Housing and Urban Development and Canyon Village Housing Solutions Limited Partnership’s contract terminates for any reason.
8.Signatures:
RESIDENT
BY:
1.
/ /
Date Signed
2.
/ /
Date Signed
3.
/ /
Date Signed
OWNER/OWNER’S AGENT
BY:
1.
/ /
Date Signed
HUD Rental Agreement (9/08)Page 1 of 1RA-1h Form HUD-90105-a
12/2007