A Comparison of the Open Market and the Section 8 Voucher Program
MARKETING
Open Market Landlord: pays for newspaper adds.
Section 8 Program Landlord:
FREE listing of rental units provided by the Housing Authority
TENANT SELECTION
Open Market Landlord: Landlord selects tenant, based on own established selection, in accordance with California State Law.
Section 8 Program Landlord: Same as Open Rental Market
SECURITY DEPOSIT
Open Market Landlord: Landlord may collect a security deposit of up to twice the monthly rent for unfurnished units (from the tenant).
Section 8 Program Landlord: Same as Open Rental Market
RENTAL TERMS
Open Market Landlord: Landlord provides the rental agreement and selects the term (month to month or lease).
Section 8 Program Landlord: Same as Open Rental Market
RENT PAYMENTS
Open Market Landlord: Tenant is soley responsible for payments to landlord. No protection against unpaid rent when family finances change.
Section 8 Program Landlord: Tenant pays rent directly to the landlord (30%-40%) of their income.) The Housing Authority mails the balance of the rent payment directly to the owner on the first of the month.
TENANT STABILITY
Open Market Landlord: Tenant can fall behind in monthly rent payments if family income decreases, i.e. from a job termination or injury, causing a costly eviction process, and vacancy
Section 8 Program Landlord: Subsidy payment enables voucher holder to afford the rent for longer periods of time. Subsidy may be increased when the family’s income decreases.
EVICTION
Open Market Landlord: Landlord may evict tenant in accordance with California State Law.
Section 8 Program Landlord: Same as Open Rental Market
TENANT DAMAGES
Open Market Landlord: Tenant has no incentive to keep unit in good condition other than security deposit.
Section 8 Program Landlord: Voucher holder risks loss of an future subsidy in addition to loss of Security Deposit by damaging the unit.
RENT INCREASE
Open Market Landlord: After initial term, rent increases require 30 days written notice.
Section 8 Program Landlord: After initial term, rent increases require 60 days written notice.
TENANT REFERENCES
Open Market Landlord: Landlord must rely on information provided by the tenant on landlord’s rental application.
Section 8 Program Landlord: Housing Authority can furnish name, address, phone for last two landlords who rented to the voucher holder, and knowledge of criminal history. With tenant authorization, credit history can be released.
LANDLORD RIGHTS
Open Market Landlord: All landlord rights under State and Federal law are maintained.
Section 8 Program Landlord: Same as Open Rental Market. Only the landlord can evict a voucher holder from the unit.
LANDLORD SUPPORT
Open Market Landlord: No case managers, familiar with your tenant.
Section 8 Program Landlord: Experienced case managers assist you with questions and issues. They will encourage model tenancy for continuation of subsidy.
INSPECTIONS
Open Market Landlord: Landlord conducts inspections in accordance with State law.
Section 8 Program Landlord: Housing Authority inspects and approves unit after landlord has selected a tenant. Unit is inspected annually, thereafter.
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