Common use of Late Reporting Clause in Contracts

Late Reporting. (After 10 calendar days of the occurrence) ▪ Decreases - The household is not entitled to a rent credit for any prior monthly rent before the decrease in income is reported to the property manager. Any required earned income disallowance (EID) period will occur, whether reported in a timely manner or not. Increases in income are only required to be reported at time of next regularly scheduled re-examination, except under the circumstances previously stated. Increases in income are not subject to reporting requirement within 10 calendar days of the occurrence. The household will receive a charge for the prior months that were affected by the increase and not timely reported at least regularly scheduled re- examination. The rent increase should be manually calculated starting from the first day of the second month following re- examination date at which the increase in income should have been reported.

Late Reporting. (After 10 calendar days of the occurrence) ▪  Decreases - The household is not entitled to a rent credit for any prior monthly rent before the decrease in income is reported to the property manager. Any required earned income disallowance (EID) period will occur, whether reported in a timely manner or not. Increases in income are only required to be reported at time of next regularly scheduled re-examination, except under the circumstances previously stated. Increases in income are not subject to reporting requirement within 10 calendar days of the occurrence. The household will receive a charge for the prior months that were affected by the increase and not timely reported at least regularly scheduled re- examination. The rent increase should be manually calculated starting from the first day of the second month following re- re-examination date at a which the increase in income should have been reported.

Late Reporting. (After 10 calendar days of the occurrence) ▪ Decreases - The household is not entitled to a rent credit for any prior monthly rent before the decrease in income is reported to the property manager. Any required earned income disallowance (EID) period will occur, whether reported in a timely manner or not. Increases in income are only required to be reported at time of next regularly scheduled re-examination, except under the circumstances previously stated. Increases in income are not subject to reporting requirement within 10 calendar days of the occurrence. The household will receive a charge for the prior months that were affected by the increase and not timely reported at least regularly scheduled re- examination. The rent increase should be manually calculated starting from the first day of the second month following re- re-examination date at which the increase in income should have been reported.