Last month’s rent, how does it work?

Posted by newcambridge_admin on

Some LL’s like to ask for last month’s rent. However CHA encourages landlords to complete a waiver for the potential vacancy payment. If the LL asks for the last month’s rent instead it is important to note that the LL will only receive the tenant’s portion at the beginning of the lease. Since CHA’s HAP is guaranteed while in compliance of the HCV program the HAP is sent on the last month of tenancy. For example if the tenant’s portion of the rent is $100 and the HAP is $1600 then the LL would only receive the $100 if they are asking for the last month’s rent up front and would receive the $1600 during the last month of tenancy from CHA.