Common use of Certification of Income Clause in Contracts

Certification of Income. Tenant shall obtain from each prospective Affordable Housing Tenant of an AHU a certification of income using a form to be reasonably acceptable to both parties. Annually thereafter, Tenant shall make a determination on the basis of current income of whether the income of any Affordable Housing Tenant exceeds the applicable income limit and shall obtain a recertification of income from all tenants of AHUs on forms approved by Landlord. Upon request of Landlord, copies of all certifications and recertifications shall be furnished to Landlord. Tenant shall maintain in its records the certifications and recertifications for five (5) years or for such longer periods as may be required by the LIHTC Program.

Certification of Income. Tenant shall will obtain from each prospective Affordable Housing Tenant of an AHU a certification of income in using a form to be reasonably acceptable to both parties. Annually thereafter, Tenant shall will make a determination on the basis of current income of whether the income of any Affordable Housing Tenant exceeds the applicable income limit and shall will obtain a recertification of income from all tenants of AHUs on forms approved by Landlord. Upon request of Landlord, copies of all certifications and recertifications shall will be furnished to Landlord. Tenant shall will maintain in its records the certifications and recertifications for five (5) years or for such longer periods as may be required by the LIHTC Program.

Certification of Income. Tenant shall obtain from each prospective Affordable Housing Tenant of an AHU a certification of income in using a form to be reasonably acceptable to both parties. Annually thereafter, Tenant shall make a determination on the basis of current income of whether the income of any Affordable Housing Tenant exceeds the applicable income limit and shall obtain a recertification of income from all tenants of AHUs on forms approved by Landlord. Upon request of Landlord, copies of all certifications and recertifications shall be furnished to Landlord. Tenant shall maintain in its records the certifications and recertifications for five (5) years or for such longer periods as may be required by the LIHTC Program.