Paragraph (1): — HUD Handbook 4350.3 REV-1 — Occupancy Requirements of Subsidized Multifamily Housing Programs

A - Enter the date lease agreement is entered into.

B and C – Enter the name of the Landlord and the head of household, spouse, co-head (if applicable) and all adult members of the family.

Paragraph 1: For Section 202 PRAC and Section 811 PRAC, HUD requires initial terms of at least one year and automatically renews for successive one-month terms. Chapter 6, Section 1 of this handbook provides information on lease terms.

D – Enter the dwelling unit number and the name of the project.

E and F – Fill in the beginning and ending dates of the lease.

The definition of the initial term of the lease is for twelve calendar months beginning January 1 and ending December 31; or 12 calendar months beginning at any point, e.g., beginning May 15, 2008 and ending May 14, 2009. For localities where the practice is to end the date at the end of the month the initial lease term would be beginning May 15, 2008 and ending May 31, 2009.

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