HUD Participant
- Typical lease 2-4yrs
- 0-60% rental deposit liability from tenant
- Must give 30 day notice to vacate and must be signed off on by property
management to vacate
- Can submit rental increase annually
- Low volume maintenance calls
- If tenant loses income city can reevaluate tenants rental portion
- No credit check
- Criminal background check / felonies /eviction & sexual crime
- City inspection
Standard TenANt
- Typical lease 1yr
- 100% rental deposit liability from tenant
- Short or no notice to vacate and skips exiting month
- Higher volume maintenance calls
- If tenant loses income possibility of non-payment
- Credit check
- Criminal background check / felonies/eviction &
sexual crimes
Pros & cons of A Standard tenant vs HUD participant
Kyna Widermyer
Buy Sell Invest
Ph: 469 382 8026
Social Media: #kwyouragent
Kay Edwards
www.kayedwards.backagentsite.com
Ph: 214 938 2404
Social Media: @kayedwardsrealtor #kayTheRealtor
@kayedwardsrealtor