Interim Rent Adjustments For Income-Based Rent Paying Resident Sample Clauses

Interim Rent Adjustments For Income-Based Rent Paying Resident. Any Resident who is paying rent based on a percentage of income must report and assist in verifying any change in income within ten (10) days of the change. Resident acknowledges that no change in rent will occur until Management verifies the circumstances requiring the change. Some of the changes include:  An increase or decrease in the annual income of the family members;  Childcare expenses for children under the age of 13 that are necessary to enable a member of the household to be employed or to go to school;  Handicapped assistance expenses which enable a family member to work;  Medical expenses of elderly, disabled, or handicapped headed households that are not covered by insurance;  A family member moves in or out;  A family member receives income from a new job;  Management finds out that Resident did not properly report the income of the Resident’s household;  The United States Congress or the United States Department of Housing and Urban Development (“HUD”) changes the amount that Management may charge for rent; or  Other family change that impacts the adjusted income of the family.
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Related to Interim Rent Adjustments For Income-Based Rent Paying Resident

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