Common use of Interim Redetermination Clause in Contracts

Interim Redetermination. 1. Tenant shall notify Landlord within seven (7) days of any of the following changes: a. any household member, as set forth in paragraph 2 of this Lease, moves from the Leased Premises; b. an adult member of the household previously reported as unemployed on the most recent certification or recertification obtains employment; c. the cumulative household income increases by $200 or more per month; or d. provide to Landlord any letter or other notice by HUD which was sent or delivered to Tenant or a member of the Tenant’s household that provides information concerning the amount or verification of the Tenant’s household income, in accordance with HUD requirements. 2. Tenant may report any decrease in income or any change in other factors considered in calculating the Tenant Rent. Unless Landlord has confirmation that the decrease in income or change in other factors will last less than one (1) month, Landlord shall verify the information and make the appropriate reduction in Tenant Rent. However, if Tenant's income will be partially or fully restored within two (2) months, Landlord may delay the certification process until the new income is known, but any Tenant Rent reduction shall be retroactive and Landlord may not evict Tenant for nonpayment of Tenant Rent due during the period of the reported decrease and the completion of the certification process. Tenant has thirty (30) days after receiving written notice of any rent due for this time period to pay the Tenant Rent or the Landlord may evict Tenant for non-payment of Tenant Rent. 3. Except as provided below, Landlord shall provide Tenant a thirty (30) day written notice of any increase in Tenant Rent based on interim changes. The increase in Tenant Rent shall be effective on the first (1st) day of the first (1st) month following the thirty (30) day notice period. Decreases in Tenant Rent based on interim changes shall be effective on the first (1st) day of the first (1st) month after Tenant notifies Landlord of the change leading to the decrease. 4. If Tenant fails or refuses to timely report any interim change required above, Landlord may increase the Tenant Rent to the HUD-approved Contract Rent. 5. Tenant may request a meeting with Xxxxxxxx to discuss any change in Tenant Rent or the Tenant Assistance Payment resulting from the interim redetermination process, in which case Landlord shall meet with Tenant and discuss how Tenant Rent and the Tenant Assistance Payment were calculated.

Interim Redetermination. 1. Tenant shall notify Landlord within seven (7) days of any of the following changes: a. any household member, as set forth in paragraph 2 of this Lease, moves from the Leased Premises; b. an adult member of the household previously reported as unemployed on the most recent certification or recertification obtains employment; c. the cumulative household income increases by $200 or more per month; or d. provide to Landlord any letter or other notice by HUD which was sent or delivered to Tenant or a member of the Tenant’s household that provides information concerning the amount or verification of the Tenant’s household income, in accordance with HUD requirements. 2. Tenant may report any decrease in income or any change in other factors considered in calculating the Tenant Rent. Unless Landlord has confirmation that the decrease in income or change in other factors will last less than one (1) month, Landlord shall verify the information and make the appropriate reduction in Tenant Rent. However, if Tenant's income will be partially or fully restored within two (2) months, Landlord may delay the certification process until the new income is known, but any Tenant Rent reduction shall be retroactive and Landlord may not evict Tenant for nonpayment of Tenant Rent due during the period of the reported decrease and the completion of the certification process. Tenant has thirty (30) days after receiving written notice of any rent due for this time period to pay the Tenant Rent or the Landlord may evict Tenant for non-payment of Tenant Rent. 3. Except as provided below, Landlord shall provide Tenant a thirty (30) day written notice of any increase in Tenant Rent based on interim changes. The increase in Tenant Rent shall be effective on the first (1st) day of the first (1st) month following the thirty (30) day notice period. Decreases in Tenant Rent based on interim changes shall be effective on the first (1st) day of the first (1st) month after Tenant notifies Landlord of the change leading to the decrease. 4. If Tenant fails or refuses to timely report any interim change required above, Landlord may increase the Tenant Rent to the HUD-approved Contract Rent. 5. Tenant may request a meeting with Xxxxxxxx Landlord to discuss any change in Tenant Rent or the Tenant Assistance Payment resulting from the interim redetermination process, in which case Landlord shall meet with Tenant and discuss how Tenant Rent and the Tenant Assistance Payment were calculated.

Interim Redetermination. 1. Tenant shall notify Landlord within seven (7) days of any of the following changeschanges within 10 calendar days after its occurrence: a. any household member, as set forth in paragraph 2 of this Lease, member moves from the Leased Premises; b. an adult member of the household previously reported as unemployed on the most recent certification or recertification obtains employment;; or c. the cumulative household income increases by $200 or more per month; or d. provide to Landlord any letter or other notice by HUD which was sent or delivered to Tenant or a member of the Tenant’s household that provides information concerning the amount or verification of the Tenant’s household income, in accordance with HUD requirements. 2. Tenant may report any decrease in income or any change in other factors considered in calculating the Tenant Rent. Unless Landlord has confirmation that the decrease in income or change in other factors will last less than one (1) month, Landlord shall verify the information and make the appropriate reduction in Tenant Rent. However, if Tenant's income will be partially or fully restored within two (2) months, Landlord may delay the certification process until the new income is known, but any Tenant Rent reduction shall be retroactive and Landlord may not evict Tenant for nonpayment of Tenant Rent due during the period of the reported decrease and the completion of the certification process. Tenant has thirty (30) days after receiving written notice of any rent due for this time period to pay the Tenant Rent or the Landlord may evict Tenant for non-payment of Tenant Rent. 3. Except as provided below, Landlord shall provide Tenant a thirty (30) day 30 days’ written notice of any increase in Tenant Rent based on interim changes. The increase in Tenant Rent shall be effective on the first (1st) day of the first (1st) month following the thirty (30) -day notice period. Decreases in Tenant Rent based on interim changes shall be effective on the first (1st) day of the first (1st) month after Tenant notifies Landlord of the change leading to the decrease. 4. If Tenant fails or refuses to timely report any interim change required above, Landlord may increase the Tenant Rent to the HUD-approved Contract Rent. 5. Tenant may request a meeting with Xxxxxxxx Landlord to discuss any change in Tenant Rent or the Tenant Assistance Payment resulting from the interim redetermination process, in which case Landlord shall meet with Tenant and discuss how Tenant Rent and the Tenant Assistance Payment were calculated.

Interim Redetermination. 1. Tenant shall notify Landlord within seven (7) days of any of the following changes: a. any household member, as set forth in paragraph 2 of this Lease, moves from the Leased Premises; b. an adult member of the household previously reported as unemployed on the most recent certification or recertification obtains employment; c. the cumulative household income increases by $200 or more per month; or d. provide to Landlord any letter or other notice by HUD which was sent or delivered to Tenant or a member of the Tenant’s household that provides information concerning the amount or verification of the Tenant’s household income, in accordance with HUD requirements. 2. Tenant may report any decrease in income or any change in other factors considered in calculating the Tenant Rent. Unless Landlord has confirmation that the decrease in income or change in other factors will last less than one (1) month, Landlord shall verify the information and make the appropriate reduction in Tenant Rent. However, if Tenant's income will be partially or fully restored within two (2) months, Landlord may delay the certification process until the new income is known, but any Tenant Rent reduction shall be retroactive and Landlord may not evict Tenant for nonpayment of Tenant Rent due during the period of the reported decrease and the completion of the certification process. Tenant has thirty (30) days after receiving written notice of any rent due for this time period to pay the Tenant Rent or the Landlord may evict Tenant for non-payment of Tenant Rent. 3. Except as provided below, Landlord shall provide Tenant a thirty (30) day written notice of any increase in Tenant Rent based on interim changes. The increase in Tenant Rent shall be effective on the first (1st) day of the first (1st) month following the thirty (30) day notice period. Decreases in Tenant Rent based on interim changes shall be effective on the first (1st) day of the first (1st) month after Tenant notifies Landlord of the change leading to the decrease. 4. If Tenant fails or refuses to timely report any interim change required above, Landlord may increase the Tenant Rent to the HUD-approved Contract Rent. 5. Tenant may request a meeting with Xxxxxxxx Landlord to discuss any change in Tenant Rent or the Tenant Assistance Payment resulting from the interim redetermination process, in which case Landlord shall meet with Tenant and discuss how Tenant Rent and the Tenant Assistance Payment were calculated.