Affordable Rent Units. 2/3 of the units which Program Funds have been utilized shall not exceed eighty per cent (80%) of CMHC Average Market Rent for the London CMA. Rent increases will follow the RTA rent increase guidelines and must not exceed 80% CMHC AMR for the term of the agreement.
Affordable Rent Units. 4.1. Not to use the Affordable Rent Units for any other purpose other than for the provision of Affordable Rent Units.
4.2. Not to let or otherwise permit the letting of any Affordable Rent Unit to any person other than in accordance with the following:
4.2.1 at an Affordable Rent in respect of each Affordable Rent Unit
4.2.2 that the rent at each re-letting is calculated prior to the grant of any new tenancy to ensure that it is an Affordable Rent.
Affordable Rent Units. 4.1. Not to let or otherwise permit the letting of any Affordable Rent Unit to any person other than in accordance with the following:
4.1.1 at an Affordable Rent in respect of each Affordable Rent Unit
4.1.2 that the rent at each re-letting is calculated prior to the grant of any new tenancy to ensure that it is an Affordable Rent.
4.2. Not to dispose of or let the Affordable Rent Units otherwise than in accordance with the Nominations Agreement and the Borough Council’s Nominations Policy to persons or households on the Register unless otherwise agreed in writing by the Borough Council.
