Section 0770-03-01-.03 - TERM OF HOUSING ASSISTANCE PAYMENTS CONTRACT AND LEASE(1) Term of Contract - The contract for any unit rehabilitated in accordance with the program may be for a term of up to 15 years, provided that the contract term may in no case extend beyond the expiration of the term of the Annual Contributions Contract established by HUD for the applicable project.(2) Term of Lease - The term of the lease for each unit must be for not less than one year. The lease may, or in the case of a lease for a term of more than one year must, contain a provision permitting termination on 30 days advance written notice by the family.(3) Renewals of Lease - Any renewal or extension of the lease term for any unit must in no case extend beyond the remaining term of the Annual Contributions Contract.Tenn. Comp. R. & Regs. 0770-03-01-.03
Original rule filed July 13, 1982; effective August 12, 1982.Authority: T.C.A. § 13-23-115(18).