{"data":{"id":"us/13-cfr-120.552","jurisdiction":"us","citation":"13 CFR 120.552","heading":"Lease.","body":"If approved, the applicant must personally occupy the residence during the term of the lease and pay a reasonable rent to SBA. The lease will be for a period of at least 3 years, but no more than 5 years. A lease of less than 5 years may be renewed, but not beyond 5 years from the original lease date. During or at the end of the lease period, the lessee has a right of first refusal to reacquire the homestead property under terms and conditions no less favorable than those offered to any other purchaser.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 120—BUSINESS LOANS","Subpart E—Servicing, Liquidation and Debt Collection Litigation of 7(a) and 504 Loans"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-13.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:18Z","sha256":"9b1c6544020e212ed2191ab3648af02034bf59ed772d3025031e0d63d0fe6cc3","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.551","next":"us/13-cfr-120.553"},"notice":"GroundRules: Original legal text. Not legal advice."}