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ILLINOIS HOUSING DEVELOPMENT AUTHORITY TAX CREDIT LEASE ADDENDUM (sample form)Tenant Name (HOW): Property Number: Covenants Name (s): Date of Review: The lease between the above-mentioned and (Project
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A tax credit lease addendum is a supplementary document attached to a lease agreement that outlines the terms and conditions related to tax credits provided to the lessee.
The lessee or tenant is typically required to file the tax credit lease addendum.
The tax credit lease addendum should be filled out with accurate and detailed information regarding the tax credits being provided, as well as any additional terms agreed upon by both parties.
The purpose of a tax credit lease addendum is to document the specific details of the tax credits being provided in relation to the lease agreement.
The tax credit lease addendum must include details such as the amount of tax credits being provided, the duration of the tax credits, and any specific conditions related to the tax credits.
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