First month’s rent, how does it work?

Posted by newcambridge_admin on

When signing the lease some LL’s like to secure the first month’s rent. It is important to note that once the unit is inspected and then the lease is signed the tenant will only be responsible for their portion of the rent which is typically 30% of their gross income. CHA will pay the Housing Assistance Payment (HAP). For example if a tenant’s portion of the rent is $100 and the HAP is $1600 then CHA will pay the $1600 for the first month and the tenant will only pay $100.