Increased Income of Tenants Sample Clauses

Increased Income of Tenants. (a) Increase from Very Low Income to at or below Low Income. If, upon recertification of a Tenant's income, the DEVELOPER determines that a former Very Low Income Household's income has increased and exceeds the qualifying income for a Very Low Income Household, but does not exceed the qualifying limit for a Low Income Household, then, upon expiration of the Tenant's lease:
Sample 1
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Increased Income of Tenants. A. Increase from Very Low Income or Low Income to at or below Median Income. If, upon annual recertification of a Tenant's Household Income, the Developer determines that a former Very Low Income or Low Income Household's Income has increased and exceeds the qualifying income for a Very Low Income or Low Income Household, but does not exceed the qualifying limit for a Median Income Household, then, upon expiration of the Tenant's lease and after thirty (30) days written notice to the Tenant, the Tenant's rent may be increased to Affordable Rent for Median Income Households. The rent calculation will be based on 30% of the Median Income for Household. -
Sample 1
Increased Income of Tenants. If, upon recertification of a Tenant's income pursuant to Section 2.2, the Owner determines that the Tenant's household income has increased and exceeds the qualifying income for a Low Income Household, then such Tenant shall continue to be considered an "Eligible Household", and shall be permitted to continue to occupy the Accessory Dwelling Unit, at the rent set forth in subsection (c), above; provided, however, nothing in this Agreement shall prohibit the Owner from terminating such tenancy upon the expiration of such Xxxxxx's lease. Following such Xxxxxx's vacancy, the Owner shall lease the Accessory Dwelling Unit to an Eligible Household.
Sample 1
Increased Income of Tenants. If, upon recertification of a Tenant's Household Income, the Developer determines that the Tenant's Household Income has increased and exceeds the qualifying income, then the Tenant shall be given written notice that Tenant shall vacate the Affordable Unit six (6) months from the date of the notice or upon expiration of the Tenant's lease, whichever is later.
Sample 1
Increased Income of Tenants. If, upon recertification of a Tenant's income, the Developer determines that the Tenant's income has increased and exceeds the qualifying income for a Low Income Household, then the Tenant shall be given written notice that Tenant's Rent shall be increased sixty (60) days after the date in the notice to an amount to be determined by Developer but not to exceed Rent for a comparable Market Rate Unit. The next Market Rate Unit that is vacated which is of appropriate bedroom size shall be designated as an Affordable Rental Unit upon receipt of written approval from the Director as provided in Section 2.3(c) of this Agreement.
Sample 1
Increased Income of Tenants. (a) Increased Income to at or below the Forty Percent Income Limit. Subject to Section 2.4 above, if, upon the annual certification of the income of a Tenant of a County- Assisted Unit, Borrower determines that the income of the Tenant has increased to above the qualifying limit for an Extremely Low Income Household but below the qualifying income for a Forty Percent Income Household, the Tenant may continue to occupy the Unit and the Tenant's Rent will remain at the Extremely Low Income Rent. Borrower shall then rent the next available Unit to an Extremely Low Income Household to comply with the requirements of Section 2.1 above, at a Rent not exceeding the Extremely Low Income Rent or re-designate another comparable Unit in the Development with an Extremely Low Income Household an Extremely Low Income Unit, to comply with the requirements of Section 2.1(a) above. Upon renting the next available Unit in accordance with Section 2.1(a) or re-designating another Unit in the Development as an Extremely Low Income Unit, the Unit with the over-income Tenant will no longer be considered a County-Assisted Unit.
Sample 1
Increased Income of Tenants. In order to minimize the potential dislocation of Tenants who become ineligible to occupy an Affordable Unit(s), Developer shall treat the Affordable Unit(s) as Floating Units. If, upon recertification, Developer determines that a tenant who occupies an Affordable Unit(s) is no longer eligible to occupy that unit(s), Developer may allow that tenant to continue occupying the unit. If Developer allows an ineligible tenant to continue occupying a unit that was designated as an Affordable Unit(s), Developer shall designate the next unit of the same size (i.e., number of bedrooms and approximate square footage) that become available for rent as the Affordable Unit(s) and shall rent that unit as set forth in this Article.
Sample 1
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Increased Income of Tenants. (a) If, upon recertification of the income of a Tenant of an Affordable Unit, Developer determines that such Very Low Income Household's income has increased and exceeds the qualifying income for a Very Low Income Household, but does not exceed the qualifying limit for a Low Income Household, then, the Tenant may continue to occupy the Affordable Unit, and upon expiration of the Tenant's lease, (i) Developer may increase the Rent charged to the Tenant to the Low Income Rent, provided that Developer has provided the Tenant thirty (30) days written notice, and (ii) Developer shall rent the next available Affordable Unit that is comparable in size (i.e., number of bedrooms, bathrooms, square footage, etc.) and location (i.e., same floor, same view, etc.) as the original unit to a Very Low Income Household, at a Rent not exceeding the maximum Rent specified in Section 2.2 to comply with the requirements of Sections 2.1 and 2.2 above. Upon renting the next available Affordable Unit to a Very Low Income Household, the Affordable Unit with the over-income Tenant will no longer be considered a Very Low Income Unit.
Sample 1
Increased Income of Tenants 
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Related to Increased Income of Tenants

  • Operating Costs The Assuming Institution agrees, during its period of use of any Leased Data Management Equipment, to pay to the Receiver or to appropriate third parties at the direction of the Receiver all operating costs with respect thereto and to comply with all relevant terms of any existing Leased Data Management Equipment leases entered into by the Failed Bank, including without limitation the timely payment of all rent, taxes, fees, charges, maintenance, utilities, insurance and assessments.

  • Common Area (Check one)

  • Access to Property, Property’s Management, Property Lender, and Property Tenants Potential Investor agrees to not seek to gain access to any non-public areas of the Property or communicate with Property’s management employees, the holder of any financing encumbering the Property, the Property’s tenants, and the Owner’s partners in the ownership of the Property, without the prior consent of Owner or HFF, which consent may be withheld in the Owner’s sole discretion.

  • Common Areas Tenant shall have the non-exclusive right to use in common with other tenants in the Project, and subject to the Rules and Regulations referred to in Article 5 of this Lease, those portions of the Project which are provided, from time to time, for use in common by Landlord, Tenant and any other tenants of the Project (such areas, together with such other portions of the Project designated by Landlord, in its discretion, including certain areas designated for the exclusive use of certain tenants, or to be shared by Landlord and certain tenants, are collectively referred to herein as the “Common Areas”). The Common Areas shall consist of the “Project Common Areas” and the “Building Common Areas.” The term “Project Common Areas,” as used in this Lease, shall mean the portion of the Project designated as such by Landlord or areas within the Project that the occupants of the Building are permitted to utilize pursuant to a recorded declaration and which areas shall be maintained in accordance with the declaration. The term “Building Common Areas,” as used in this Lease, shall mean the portions of the Common Areas located within the Building reasonably designated as such by Landlord. The manner in which the Common Areas are maintained and operated shall be at the reasonable discretion of Landlord and the use thereof shall be subject to the Rules and Regulations as Landlord may make from time to time. Landlord reserves the right to close temporarily, make alterations or additions to, or change the location of elements of the Project and the Common Areas, provided that, in connection therewith, Landlord shall perform such closures, alterations, additions or changes in a commercially reasonable manner and, in connection therewith, shall use commercially reasonable efforts to minimize any material interference with Tenant’s use of and access to the Premises.

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