Rent Services
Acceptable forms of payment for rent are credit card, check or money order. No cash is accepted. Rent payments may be taken over the phone by calling the main office at 931.388.5203 or residents can pay online by choosing your community below:
Rent Determination
Under the formula-based method of rent calculation, the rent amount is based on 30% of your yearly adjusted gross income. Rent amounts are determined after the application is processed. Specific deductions as listed below may affect the amount the resident pays in rent.
- Elderly Deduction
- Disabled Deduction
- Child Deduction
- Full-Time Student Deduction
- Child Care Deduction
- Utility Allowance
Security Deposit
The owner/agent must collect a security deposit at the time of the initial lease execution. The owner/agent will comply with any HUD rules and applicable state and local laws governing the security deposit.
The security deposit amount is based on the Total Tenant Payment (TTP) calculated at move in.
If the move-in certification is corrected, and the TTP is recalculated, the security deposit requirement will be recalculated as well. Otherwise, the amount of the security deposit established at move-in does not change when a resident’s rent changes.
The resident is expected to pay the security deposit from his/her own resources and/or other public or private sources. An applicant may enter in to a payment plan lasting no longer than three (3) months if he/she does not have sufficient funds to pay the deposit.
The security deposit will be used by the CHRC at the termination of the lease toward any rent or other charges owed; charges for the cost of repairing any damages to the dwelling either caused by the resident, his/her family, guests, or dependents; any cleaning charges, waste removal charges, or other charges as outlined in the lease and CHRC policies.