Vacancy Payments

Can leasing funds cover vacancy payments?

Since the lease is between the recipient or subrecipient and the landlord, the recipient or subrecipient is liable for paying the rent even if a leased unit is not occupied. Therefore, recipients and subrecipients may continue to pay rent to owners even when a unit is vacant.

Looking for definitions of the common CoC and ESG Program terms referenced throughout the Virtual Binders?

Virtual Binders Glossary