Common use of Late Reporting Clause in Contracts

Late Reporting. (After 10 calendar days of the occurrence) ▪ Decreases - The resident is not entitled to a rent credit for any prior monthly rent before the decrease in income is reported to the property manager. Any applicable earned income disallowance period will occur, whether reported in a timely manner or not. ▪ Increases - The resident will receive a retroactive charge for an increase in income that would have resulted in a rent increase and was not reported timely, retroactive to the month after the change should have been reported.

Late Reporting. (After 10 ten (10) calendar days of the occurrence) (a) ▪ Decreases - The resident Tenant is not entitled to a rent credit for any prior monthly rent before the decrease in income is reported to the property managerProperty Manager. Any applicable earned income disallowance period will occur, whether reported in a timely manner or not. ▪ Increases - The resident will receive a retroactive charge for an increase in income that would have resulted in a rent increase and was not reported timely, retroactive to the month after the change should have been reported.

Late Reporting. (After 10 calendar days of the occurrence) ▪ Decreases - The resident Resident is not entitled to a rent credit for any prior monthly rent before the decrease in income is reported to the property manager. Any Property Manager and may lose full benefit of any applicable earned income disallowance period will occur, whether reported in a timely manner or notdisregard period. ▪ Increases - The resident Resident will receive a retroactive charge for an the increase in income that would have resulted in a rent increase and was not reported timely, retroactive to the month after the change should have been reported.

Late Reporting. (After 10 ten calendar days of the occurrence) ▪  Decreases - The resident is not entitled to a rent credit for any prior monthly rent before the decrease in income is reported to the property manager. Any applicable earned income disallowance period will occur, whether reported in a timely manner or not. ▪  Increases - The resident will receive a retroactive charge for an increase in income that would have resulted in a rent increase and was not reported timely, retroactive to the month after the change should have been reported.