Common use of Lease and Amount of Rent Clause in Contracts

Lease and Amount of Rent. 1. This Lease shall be for a twelve-month term, renewable for subsequent one-year terms, The Lease shall be effective as of the date when this lease is executed. The Lease term will end on the last day of the Twelfth month following the execution of the Lease. During any period of time between the expiration of a twelve month term and the execution of a new Lease, Tenant shall be deemed to hold over on a month to month basis under the terms of this Lease. The lease may be modified at anytime during the lease period by written agreement of the tenant and the Authority. A new lease shall be executed in the event of a transfer to another unit or a change in the basic rent. Failure of a tenant to accept a lease revision is grounds for termination of tenancy. The “Total Rent” to be paid by Tenant shall be “Tenant Paid Rent”, plus surcharges, if any, assessed the tenant at the time the lease in signed. Changes in “Tenant Paid Rent” resulting from a change in tenant’s income shall be implemented by an amendment to the lease. Changes in “Tenant Paid Rent” resulting from the addition or deletion of household members shall require execution of a new lease or an amendment to the lease where allowed by program or law. The Authority shall determine the amount of Total Rent and the amount of Tenant Paid Rent in compliance with New York State and all other applicable regulations and requirements and in accordance with the Authority’s Admissions and Occupancy Policy. 2. Rent is due and payable in advance on the first day of each month and shall be considered late if not paid in full prior to the close of business on the 5th business day of the month in which it is due. A late charge of $20.00 will be charged to the Tenant if rent is not paid when due. Rent may include utilities as described in part I of the Lease. The late charge will be applied to all rent charges assessed to the tenant account. 3. Rent payments are applied first to the current month and then to past due months in the order in which they accrued. 4. The Authority shall give prior written notice to the Tenant when the Authority makes any change in the amount of Total Rent or Tenant Paid Rent. Such notice shall state the new amount and the date from which the new amount is applicable. Redeterminations of Rent are subject to the Grievance procedure. Tenant may ask for an explanation of how the amount is computed by the Authority. If Tenant asks for an explanation, the Authority shall respond in a reasonable time.

Appears in 1 contract

Samples: Residential Lease Agreement

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Lease and Amount of Rent. 1. This (a) Unless otherwise modified or terminated in accordance with Section XIV, or unless not renewed for noncompliance with community service requirement, this Lease shall automatically be renewed for a twelve-month termsuccessive terms of one calendar month. For compliance with community service only, renewable for subsequent one-year terms, The Lease shall be effective as the term of the date when this lease is executedtwelve (12) months. The Lease term will end on the last day of the Twelfth month following the execution of the Lease. During any period of time between the expiration of a twelve month term and the execution of a new Lease, Tenant shall be deemed to hold over on a month to month basis under the terms rent amount is stated in Part II of this Lease. Rent shall remain in effect unless adjusted by the Authority in accordance with Section VII herein. Tenant has the option, upon admission to public housing and annually thereafter, whether to pay flat rent (market value) or income-based rent. The lease may be modified at anytime during flat rent for the lease period by written agreement dwelling unit listed above is $ .00 . The amount of the tenant income-based rent (Total Tenant Payment and the Authority. A new lease Tenant Rent) shall be executed in determined by the event of a transfer to another unit or a change in the basic rent. Failure of a tenant to accept a lease revision is grounds for termination of tenancy. The “Total Rent” to be paid by Tenant shall be “Tenant Paid Rent”, plus surcharges, if any, assessed the tenant at the time the lease in signed. Changes in “Tenant Paid Rent” resulting from a change in tenant’s income shall be implemented by an amendment to the lease. Changes in “Tenant Paid Rent” resulting from the addition or deletion of household members shall require execution of a new lease or an amendment to the lease where allowed by program or law. The Authority shall determine the amount of Total Rent and the amount of Tenant Paid Rent in compliance with New York State and all other applicable HUD regulations and requirements and in accordance with the Authority’s 's Admissions and Occupancy Policy. 2. (b) Rent is due DUE and payable PAYABLE in advance on the first day of each month and shall be considered late if not paid in full prior to the close of business on delinquent after the 5th business calendar day of the month in which it is duemonth. A late charge of $20.00 will be charged to the Tenant if Income-based rent is not paid when due. Rent may include utilities as described in part I of the LeaseSection VII below, and includes all maintenance services due to normal wear and tear. The late charge will be applied Flat rent does not include a utility allowance, and includes all maintenance services due to all rent charges assessed to the tenant account. 3normal wear and tear. Rent payments are applied first to the current month and then to past due months in the order in which they accrued. 4. The Authority shall give prior written notice to the Tenant when When the Authority makes any change in the amount of Total Rent Tenant Payment or Tenant Paid Rent, the Authority shall give written notice to Tenant. Such The notice shall state the new amount amount, and the date from which the new amount is applicable. Redeterminations of Rent redeterminations are subject to the Administrative Grievance procedureProcedure. The notice shall also state that Tenant may ask for an explanation of how the amount is computed by the Authority. If Tenant asks for an explanation, the Authority shall respond in a reasonable time. (c) The PHA's Minimum Rent (Minimum TTP) is $50.00. Provision is made for exemption due to financial hardship as defined in the Housing Authority's Admissions and Continued Occupancy Policy.

Appears in 1 contract

Samples: Residential Lease Agreement

Lease and Amount of Rent. 1. This (a) Unless otherwise modified or terminated in accordance with Section XIV, or unless not renewed for noncompliance with a community service requirement, this Lease shall automatically be renewed for a twelve-month termsuccessive terms of one calendar month. For compliance with community service only, renewable for subsequent one-year terms, The Lease shall be effective as the term of the date when this lease is executedtwelve (12) months. The Lease term will end on the last day of the Twelfth month following the execution of the Lease. During any period of time between the expiration of a twelve month term and the execution of a new Lease, Tenant shall be deemed to hold over on a month to month basis under the terms rent amount is stated in Part II of this Lease. Rent shall remain in effect unless adjusted by the Authority in accordance with Section VII herein. Tenant has the option, upon admission to public housing and annually thereafter, whether to pay flat rent (market value) or income-based rent. The lease may be modified at anytime during flat rent for the lease period by written agreement dwelling unit listed above is $ . The amount of the tenant income-based rent (Total Tenant Payment and the Authority. A new lease Tenant Rent) shall be executed in determined by the event of a transfer to another unit or a change in the basic rent. Failure of a tenant to accept a lease revision is grounds for termination of tenancy. The “Total Rent” to be paid by Tenant shall be “Tenant Paid Rent”, plus surcharges, if any, assessed the tenant at the time the lease in signed. Changes in “Tenant Paid Rent” resulting from a change in tenant’s income shall be implemented by an amendment to the lease. Changes in “Tenant Paid Rent” resulting from the addition or deletion of household members shall require execution of a new lease or an amendment to the lease where allowed by program or law. The Authority shall determine the amount of Total Rent and the amount of Tenant Paid Rent in compliance with New York State and all other applicable HUD regulations and requirements and in accordance with the Authority’s 's Admissions and Occupancy Policy. 2. (b) Rent is due DUE and payable PAYABLE in advance on the first day of each month and shall be considered late if not paid in full prior to delinquent after the close of business on the 5th business 7th calendar day of the month in which it is duemonth. A late charge of $20.00 will be charged to the Tenant if Income-based rent is not paid when due. Rent may include utilities as described in part I of the LeaseSection VII below, and includes all maintenance services due to normal wear and tear. The late charge will be applied Flat rent does not include a utility allowance, and includes all maintenance services due to all rent charges assessed to the tenant account. 3normal wear and tear. Rent payments are applied first to the current month and then to past due months in the order in which they accrued. 4. The Authority shall give prior written notice to the Tenant when When the Authority makes any change in the amount of Total Rent Tenant Payment or Tenant Paid Rent, or in the Flat Rent for the public housing dwelling unit, the Authority shall give 30 day written notice to Tenant. Such The notice shall state the new amount amount, and the date from which the new amount is applicable. Redeterminations of Rent redeterminations are subject to the Administrative Grievance procedureProcedure. The notice shall also state that Tenant may ask for an explanation of how the amount is computed by the Authority. If Tenant asks for an explanation, the Authority shall respond in a reasonable time. (c) The Authority’s Minimum Rent (Minimum TTP) is $50.00. Provision is made for exemption due to financial hardship as defined in the Authority’s Admissions and Continued Occupancy Policy. (d) Payments received by the Authority will be applied to the family’s account in the following order: 1) Security/pet deposit 2) Maintenance and damage charges including utility chargebacks 3) Other charges including late fees and legal processing fees 4) Amounts due under a Repayment Agreement

Appears in 1 contract

Samples: Residential Lease Agreement

Lease and Amount of Rent. 1. This (a) Unless otherwise modified or terminated in accordance with Section XIV, or unless not renewed for noncompliance with a community service requirement, this Lease shall automatically be renewed for a twelve-month termsuccessive terms of one calendar month. For compliance with community service only, renewable for subsequent one-year terms, The Lease shall be effective as the term of the date when this lease is executedtwelve (12) months. The Lease term will end on the last day of the Twelfth month following the execution of the Lease. During any period of time between the expiration of a twelve month term and the execution of a new Lease, Tenant shall be deemed to hold over on a month to month basis under the terms rent amount is stated in Part II of this Lease. Rent shall remain in effect unless adjusted by the Authority in accordance with Section VII herein. Tenant has the option, upon admission to public housing and annually thereafter, whether to pay flat rent (market value) or income-based rent. The lease may be modified at anytime during flat rent for the lease period by written agreement dwelling unit listed above is $ . The amount of the tenant income-based rent (Total Tenant Payment and the Authority. A new lease Tenant Rent) shall be executed in determined by the event of a transfer to another unit or a change in the basic rent. Failure of a tenant to accept a lease revision is grounds for termination of tenancy. The “Total Rent” to be paid by Tenant shall be “Tenant Paid Rent”, plus surcharges, if any, assessed the tenant at the time the lease in signed. Changes in “Tenant Paid Rent” resulting from a change in tenant’s income shall be implemented by an amendment to the lease. Changes in “Tenant Paid Rent” resulting from the addition or deletion of household members shall require execution of a new lease or an amendment to the lease where allowed by program or law. The Authority shall determine the amount of Total Rent and the amount of Tenant Paid Rent in compliance with New York State and all other applicable HUD regulations and requirements and in accordance with the Authority’s 's Admissions and Occupancy Policy. 2. (b) Rent is due DUE and payable PAYABLE in advance on the first day of each month and shall be considered late if not paid in full prior to delinquent after the close of business on the 5th business 7th calendar day of the month in which it is duemonth. A late charge of $20.00 will be charged to the Tenant if Income-based rent is not paid when due. Rent may include utilities as described in part I of the LeaseSection VII below, and includes all maintenance services due to normal wear and tear. The late charge will be applied Flat rent does not include a utility allowance, and includes all maintenance services due to all rent charges assessed to the tenant account. 3normal wear and tear. Rent payments are applied first to the current month and then to past due months in the order in which they accrued. 4. The Authority shall give prior written notice to the Tenant when When the Authority makes any change in the amount of Total Rent Tenant Payment or Tenant Paid Rent, or in the Flat Rent for the public housing dwelling unit, the Authority shall give 30 day written notice to Tenant. Such The notice shall state the new amount amount, and the date from which the new amount is applicable. Redeterminations of Rent redeterminations are subject to the Administrative Grievance procedureProcedure. The notice shall also state that Tenant may ask for an explanation of how the amount is computed by the Authority. If Tenant asks for an explanation, the Authority shall respond in a reasonable time. (c) The Authority’s Minimum Rent (Minimum TTP) is $25.00. Provision is made for exemption due to financial hardship as defined in the Authority’s Admissions and Continued Occupancy Policy.

Appears in 1 contract

Samples: Residential Lease Agreement

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Lease and Amount of Rent. 1. This (a) Unless otherwise modified or terminated in accordance with Section XIV, or unless not renewed for noncompliance with community service requirement, this Lease shall automatically be renewed for a twelve-month termsuccessive terms of one calendar month. For compliance with community service only, renewable for subsequent one-year terms, The Lease shall be effective as the term of the date when this lease is executedtwelve (12) months. (Community service is not required for tenants receiving Food Stamps). The Lease term will end on the last day of the Twelfth month following the execution of the Lease. During any period of time between the expiration of a twelve month term and the execution of a new Lease, Tenant shall be deemed to hold over on a month to month basis under the terms rent amount is stated in Part II of this Lease. Rent shall remain in effect unless adjusted by the Authority in accordance with Section VII herein. Tenant has the option, upon admission to public housing and annually thereafter, whether to pay flat rent (market value) or income-based rent. The lease may be modified at anytime during flat rent for the lease period by written agreement dwelling unit listed above is $ . The amount of the tenant income-based rent (Total Tenant Payment and the Authority. A new lease Tenant Rent) shall be executed in determined by the event of a transfer to another unit or a change in the basic rent. Failure of a tenant to accept a lease revision is grounds for termination of tenancy. The “Total Rent” to be paid by Tenant shall be “Tenant Paid Rent”, plus surcharges, if any, assessed the tenant at the time the lease in signed. Changes in “Tenant Paid Rent” resulting from a change in tenant’s income shall be implemented by an amendment to the lease. Changes in “Tenant Paid Rent” resulting from the addition or deletion of household members shall require execution of a new lease or an amendment to the lease where allowed by program or law. The Authority shall determine the amount of Total Rent and the amount of Tenant Paid Rent in compliance with New York State and all other applicable HUD regulations and requirements and in accordance with the Authority’s 's Admissions and Occupancy Policy. 2. (b) Rent is due DUE and payable PAYABLE in advance on the first day of each month and shall be considered late if not paid in full prior to the close of business on delinquent after the 5th business working day of the month in which it is duemonth. A late charge of $20.00 will be charged to the Tenant if Income-based rent is not paid when due. Rent may include utilities as described in part I of the LeaseSection VII below, and includes all maintenance services due to normal wear and tear. The late charge will be applied Flat rent does not include a utility allowance, and includes all maintenance services due to all rent charges assessed to the tenant account. 3normal wear and tear. Rent payments are applied first to the current month and then to past due months in the order in which they accrued. 4. The Authority shall give prior written notice to the Tenant when When the Authority makes any change in the amount of Total Tenant Payment or Tenant Rent or Tenant Paid Rentin the Flat Rent for the public housing dwelling unit, the Authority shall give written notice to Tenant. Such The notice shall state the new amount amount, and the date from which the new amount is applicable. Redeterminations of Rent redeterminations are subject to the Administrative Grievance procedureProcedure. The notice shall also state that Tenant may ask for an explanation of how the amount is computed by the Authority. If Tenant asks for an explanation, the Authority shall respond in a reasonable time. (c) The PHA’s Minimum Rent (Minimum TTP) is $50.00. Provision is made for exemption due to financial hardship as defined in the housing authority’s Admissions and Continued Occupancy Policy.

Appears in 1 contract

Samples: Residential Lease Agreement

Lease and Amount of Rent. 1. This (a) Unless otherwise modified or terminated in accordance with Section XIV, or unless not renewed for noncompliance with a community service requirement, this Lease shall automatically be renewed for a twelve-month termsuccessive terms of one calendar month. For compliance with community service only, renewable for subsequent one-year terms, The Lease shall be effective as the term of the date when this lease is executedtwelve (12) months. The Lease term will end on the last day of the Twelfth month following the execution of the Lease. During any period of time between the expiration of a twelve month term and the execution of a new Lease, Tenant shall be deemed to hold over on a month to month basis under the terms rent amount is stated in Part II of this Lease. Rent shall remain in effect unless adjusted by the Housing Authority in accordance with Section VII herein. Tenant has the option, upon admission to public housing and annually thereafter, whether to pay flat rent (market value) or income-based rent. The lease may be modified at anytime during the lease period by written agreement amount of the tenant income-based rent (Total Tenant Payment and the Authority. A new lease Tenant Rent) shall be executed in determined by the event of a transfer to another unit or a change in the basic rent. Failure of a tenant to accept a lease revision is grounds for termination of tenancy. The “Total Rent” to be paid by Tenant shall be “Tenant Paid Rent”, plus surcharges, if any, assessed the tenant at the time the lease in signed. Changes in “Tenant Paid Rent” resulting from a change in tenant’s income shall be implemented by an amendment to the lease. Changes in “Tenant Paid Rent” resulting from the addition or deletion of household members shall require execution of a new lease or an amendment to the lease where allowed by program or law. The Housing Authority shall determine the amount of Total Rent and the amount of Tenant Paid Rent in compliance with New York State and all other applicable HUD regulations and requirements and in accordance with the Housing Authority’s 's Admissions and Occupancy Policy. 2. (b) Rent is due DUE and payable PAYABLE in advance on the first day of each month and shall be considered late if not paid in full prior to delinquent after the close of business on the 5th business 7th calendar day of the month in which it is duemonth. A late charge of $20.00 will be charged to the Tenant if Income-based rent is not paid when due. Rent may include utilities as described in part I of Section VII below, and includes all maintenance services due to normal wear and tear. Flat rent does not include a utility allowance, and includes all maintenance services due to normal wear and tear. When the Lease. The late charge will be applied to all rent charges assessed to the tenant account. 3. Rent payments are applied first to the current month and then to past due months in the order in which they accrued. 4. The Authority shall give prior written notice to the Tenant when the Housing Authority makes any change in the amount of Total Rent Tenant Payment or Tenant Paid Rent, or in the Flat Rent for the public housing dwelling unit, the Housing Authority shall give 30 day written notice to Tenant. Such The notice shall state the new amount amount, and the date from which the new amount is applicable. Redeterminations of Rent are subject to the Grievance procedure. The notice shall also state that Tenant may ask for an explanation of how the amount is computed by the Housing Authority. If Tenant asks for an explanation, the Housing Authority shall respond in a reasonable time. (c) The Housing Authority’s Minimum Rent (Minimum TTP) is $50.00. Provision is made for exemption due to financial hardship as defined in the Housing Authority’s Admissions and Continued Occupancy Policy. (d) Payments received by the Housing Authority will be applied to the family’s account in the following order: 1) Security/pet deposit 2) Maintenance and damage charges including utility chargebacks 3) Other charges including late fees and legal processing fees 4) Amounts due under a Repayment Agreement

Appears in 1 contract

Samples: Residential Lease Agreement

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