Common use of DECREASES IN RENT Clause in Contracts

DECREASES IN RENT. You are not entitled to decreases in rent based on decreases in income or decreases in rent subsidies, however, you should report such decreases to the Landlord. The Landlord may decrease your rent if: A. If any such rent subsidy you are receiving is decreased. Your Monthly Rent may be decreased accordingly at the discretion of the Landlord but will not be less than Basic Rent. B. If the tenant's income is significantly reduced. Your Monthly Rent may be decreased accordingly at the discretion of the Landlord but will not be less than Basic Rent.

Appears in 2 contracts

Samples: Residential Lease, Residential Lease

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DECREASES IN RENT. You are not entitled to decreases in rent based on decreases in to your income or decreases in rent subsidies, however, you should report such decreases to the Landlord. The Landlord may decrease your rent rent, but not below the amount determined by DHCR/HTF to be necessary to pay the expenses of the Project, if: A. If any Any such rent subsidy you are receiving is decreased. Your Monthly Rent The monthly rent for your unit may be decreased accordingly at the discretion of the Landlord but will not be less than Basic Rent.Landlord; or B. If the tenant's Your household’s income is significantly reduced. Your Monthly Rent monthly rent may be decreased accordingly at the discretion of the Landlord but will not be less than Basic RentLandlord.

Appears in 1 contract

Samples: Lease Agreement

DECREASES IN RENT. You are not entitled to decreases in rent based on decreases in income or decreases in rent subsidies, ; however, you should report such decreases to the Landlord. The Landlord may decrease your rent if: A. If any such rent subsidy you are receiving is decreased. Your Monthly Rent may be decreased accordingly at the discretion of the Landlord but will not be less than Basic Rent. B. If the tenant's ’s income is significantly reduced. Your Monthly Rent may be decreased accordingly at the discretion of the Landlord Landlord, but will not be less than Basic Rent.

Appears in 1 contract

Samples: Turnkey/Housing Trust Fund Lease

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DECREASES IN RENT. You are not entitled to decreases in rent based on decreases in income or decreases in rent subsidies, however, you should report such decreases to the Landlord. The Landlord may decrease your rent if: A. If any such rent subsidy you are receiving is decreased. Your Monthly Rent may be decreased accordingly at the discretion of the Landlord but will not be less than Basic Rent. B. If the tenant's income is significantly reduced. Your Monthly Rent may be decreased accordingly at the discretion of the Landlord Landlord, but will not be less than Basic Rent.

Appears in 1 contract

Samples: Lease Agreement

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