24 CFR 982.309 - Term of assisted tenancy.
(a)Initial term of lease.
(i) Such shorter term would improve housing opportunities for the tenant; and
(ii) Such shorter term is the prevailing local market practice.
(4) The PHA may execute the HAP contract even if there is less than one year remaining from the beginning of the initial lease term to the end of the last expiring funding increment under the consolidated ACC.
(b)Term of HAP contract.
(2) The HAP contract terminates if any of the following occurs:
(1) If the family terminates the lease on notice to the owner, the family must give the PHA a copy of the notice of termination at the same time. Failure to do this is a breach of family obligations under the program.