§ 886.111. Term of contract.
40 words·~1 min read·
/us/cfr/t24/s§ 886.111·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A Contract may be for an initial term of not more than 5 years, renewable for successive 5 year terms by agreement between HUD and the Owner: Provided, That the total Contract term, including renewals, shall not exceed 15 years.