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General Landlording & Rental Properties

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Dave Versch
  • Murray Hill, NJ
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Section 8 HAP terminology

Dave Versch
  • Murray Hill, NJ
Posted Dec 3 2008, 19:45

Can someone please explain these two terms found in the HAP contract:

"Initial Rent to Owner" ($583) and "Initial Housing Assistance Payment" ($453)

My tenant's rent is supposed to be $675 per month, and I was under the impression that Section 8 would be paying $583 of that each month. Given the above, was I wrong?

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