apartment lease question?

Question

The apartment building i live was sold. The company that owens it now is doing some kind of " tax creidt" thing with the property which i think means they get government aid or something like that. anyway they are telling me my income is to high to live there and that i have to move. and that they dont have to honor the other companys lease anymore.? which was just renewed about 30days ago

any info would be helpful

Answer 1

A tax credit property is a property that has converted from a regular property with conventional leases and normal area rents to a property that is under federal housing guidelines. The tax credit program is run by the IRS and there are very strict rules and regulations that come with the status.

Basically, how it works is that the government gives a tax break to the company as long as they comply with the rules. The rules vary from state to state but it's regulated on a state level. If the property has converted 100% to the tax credit program, then they are required by law to notify residents (as they did to you) that the status of the building has changed and to verify whether you are in compliance with the new regulations. Tax credit buildings are meant to help people who don't make a certain percentage of the median income of the area - some places are 50% of the median income, some are 60%...etc. It sounds like they tried to qualify you and your income is too high for the program.

Once the tax credit program has been implemented at your community, it doesn't matter if you have a lease with the old company, because it's not a matter of the lease terms - it's a matter of a federal program. They gave you written notice, and you don't have a choice but to comply. Be aware that this is not the management company that bought it that is being mean, or unfair, it's the rules they are required to apply to every person living in the building.

You need to find a new place to move and do it within the time frame you have been given. I know that's not what you want to hear, but you have no legal standing to remain in your apartment. If you don't move, they will be forced to evict you and they will have every legal right to do so.

Answer 2

If you add him to the lease he will be expected to pass a credit check as well and pay a portion of the rent according to the leasing company. This would be your best protection. If you allow him to move in with you for free and not be added to the lease, it is possible for you to be evicted and have to pay the remaining balance of your lease period. Most lease contracts have a section that deals with people living with you for more than a visit and the consequences if this is found to be true without any notification to the leasing company. Read your lease for further information. It is very possible to be taken with an arrangement like this. Be careful. You could do more damage to your own credit record than you can imagine.

Answer 3

Call the local tenants rights council. Its hard to answer because rent laws can vary from city to city. You may even get a helpful answer from the local apartment association in your area. There is a list located on www.yourpropertypath.com...see if you can find one there.
Good Luck!

Answer 4

I would continue to pay per your old lease and wait for them to try and evict you . (they have to pay the court fees then , not you )
When it goes to court , they will have to provide evidence of everything , then you can see it and ask for a continuance to review the material . ( If they have not provided it prior )

You may win in court !

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