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Can HUD increase Security Deposit after taking over the building that I have lived in for 3 years?

Takoma Park, MD |

I am in low-income housing through a private program. This past January 2013 HUD came on board and is helping the company with this building. My rent is 30% of my income and my original deposit was $250.00 when I first moved in 3 years ago. Now that we are required to sign a new lease with HUD, we are being TOLD that our security deposit now is equal to one months rent. Which means I have to pay over $400. more on my security deposit if I want to stay here. Is this legal or are we Grandfathered in because we have lived here before HUD taking over?

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Attorney answers 1


Your Lease will dictate but an time for Lease renewal the terms can be changed or altered and this typically happens when new owners take over a property.

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