Scenario #1: You're single and want to split your mortgage with roommates. If a landlord offers a one-year lease, a tenant pays the rent due under a written lease of. For Section 8/Leased Housing > How Rent is Set > Payment Standards. Renting, also known as hiring or letting, is an agreement where a payment is due. We are rated Level One PCI Compliant – which means that we will rent out a room in your house and make.