My boyfriend and I are going to college together in the fall, and we want to rent an apartment together. We've started looking around, and I've come across the phrase "No sec. 8" or "No section 8" quite often. What does this mean in terms of renting apartments, condos, or houses?
2007-02-19 08:35:04 · 8 answers · asked by Samantha 4 in Business & Finance ➔ Renting & Real Estate
Section 8 is a government program that subsidises rent payments for low income households.
There are extra restrictions that some properties may not qualify for, or it's possible the landlord simply doesn't want to deal with the government on their rent. I believe one common issue is that when renting section 8, the rent must include ALL utilities. This can be difficult or impossible for the landlord to do, and it also puts him at risk that the tenants run up those bills, since they don't have to pay them directly.
2007-02-19 08:41:12 · answer #1 · answered by Yanswersmonitorsarenazis 5 · 2⤊ 0⤋
Section 8 Definition
2016-09-30 10:43:07 · answer #2 · answered by ? 4 · 0⤊ 1⤋
Section 8 is a program for single parents where they pay all or some of your rent. and most people who are on section 8 don't take care of the property.
2007-02-19 08:48:33 · answer #3 · answered by Shlonda f 1 · 1⤊ 2⤋
It means a payment coming from an assistance program for low income households. It gaurantees rent to the landlord, but tends to bring people who may not be working, have children, be disabled etc. and are unable to pay the balance of the rent. See above for more info, about the utilities. There is also more paperwork for the landlord, who may not want to deal with that issue.
2007-02-19 08:41:36 · answer #4 · answered by Jen 5 · 0⤊ 1⤋
Section 8 basically refers to low income housing. If you earn below a certain amount, some rentals will charge you sub-market rent. In exchange, they get government payments.
If you're able to pay full rent, then you can just ignore this.
2007-02-19 08:40:04 · answer #5 · answered by Jay 7 · 0⤊ 1⤋
It means the landlord is not accepting government rental vouchers ("Section 8")....
2007-02-19 08:38:20 · answer #6 · answered by Munya Says: DUH! 7 · 0⤊ 1⤋
Sect 8 is government assisted. The govt. pays the rent. this does not apply to you.
2007-02-19 08:42:19 · answer #7 · answered by lidijathebeautiful 3 · 0⤊ 1⤋
They will not rent to gov. assisted tenants.
2007-02-19 10:07:54 · answer #8 · answered by frankie b 5 · 0⤊ 1⤋
It mean get it, they be no poor peoples be dare.
2007-02-19 14:25:07 · answer #9 · answered by Anonymous · 0⤊ 2⤋
Check the answer here http://www.wefinanceit.info
2016-08-03 04:56:13 · answer #10 · answered by Workfromhome 2 · 0⤊ 2⤋