Owners may modify the terms and conditions of the model lease with HUD approval.

The statement is indeed accurate in that owners generally cannot unilaterally modify the terms and conditions of the model lease as established by HUD without prior approval. The model lease is a standardized document created to ensure consistency and compliance with federal regulations, thus protecting the interests of both tenants and landlords.

The structure of HUD's leasing framework is designed to provide clarity and security, ensuring that all parties understand their rights and responsibilities. Any changes to the model lease would require HUD's review to maintain compliance with existing laws and policies. This requirement helps uphold the integrity of the leasing process within multifamily housing programs supported by HUD.

By not allowing modifications unless approved, HUD seeks to maintain uniformity and fairness across properties while also safeguarding tenants against potential exploitation or unfair practices that could arise from arbitrary changes made by property owners.