Lease Bifurcation. Landlord and Tenant hereby acknowledge that Landlord may, in its reasonable discretion (e.g., in connection with the financing, refinancing, or sale of any or all of the Project), require that separate leases exist with regard to each of the 561 Building and the 571 Building. If Landlord so reasonably requires, the parties agree to bifurcate the Lease, as amended, into separate leases at Landlord’s sole cost and expense; provided, however, such resulting, bifurcated leases shall, on a collective basis, (i) be on the same terms as set forth in the Lease, as amended hereby (provided that in no event shall certain rights of Tenant which are reasonably assignable to only one of such leases be duplicated in the other of such leases), and (ii) be in form and substance reasonably approved by Tenant. Such bifurcated, replacement leases shall, if so required by Landlord and to the extent the same otherwise satisfy the requirements of this Section 11, be executed by Landlord and Tenant within thirty (30) days following Landlord’s written election and delivery of the same to Tenant.
Lease Bifurcation. Owner may seek to evict, remove, or otherwise terminate a household member from a HOME unit on the basis of such member’s criminal activity relating to domestic violence, dating violence, sexual assault, or stalking against an affiliated individual, as defined in 24 CFR § 5.2003, or other individual. Such action may be taken without regard to whether the individual being removed is a signatory to the lease. In any such case, however, if necessary to avoid evicting, removing, or otherwise penalizing any victim of such activity who is also a lawful occupant of the HOME unit, Owner must bifurcate the lease to allow continued occupancy by remaining members of the household.
Lease Bifurcation. The Administrative Agent shall ensure a Project Sponsor’s compliance with the requirements set forth in 24 CFR §574.460 in the event the Project Sponsor exercises the option to bifurcate a lease as provided in 24 CFR §5.2009(a).
Lease Bifurcation. 1. The Landlord may, in accordance with the other provisions of this Section, bifurcate a lease or remove a household member from a lease in order to evict, remove, terminate occupancy rights, or terminate assistance to such member who engages in criminal activity directly relating to domestic violence, dating violence, sexual assault, or stalking against an affiliated individual or other individual:
i. Without regard to whether the household member is a signatory to the lease; and
ii. Without evicting, removing, terminating assistance to, or otherwise penalizing a victim of such criminal activity who is also a tenant or lawful occupant.
2. A lease bifurcation, as provided in this Section, shall be carried out in accordance with any requirements or procedures as may be prescribed by Federal, State, or local law for termination of assistance or leases.
3. If a family separates under the provisions of this Section, the remaining tenant(s) may remain in the unit.
Lease Bifurcation. Landlord and Tenant hereby acknowledge that Landlord may, in its reasonable discretion (e.g., in connection with the financing, refinancing, or sale of any or all of the Project), require that separate leases exist with regard to each of the Plaza Building and the Lakeview Building. If Landlord so reasonably requires, the parties agree to bifurcate the Lease, as amended, into two (2) separate leases (or three (3) separate leases in the event Tenant leases space in the Waterfront Building), one pertaining to each Applicable Building; provided, however, such resulting, bifurcated leases shall, on an individual and collective basis, (i) be on the same economic terms as set forth in the Lease, as amended (provided that in no event shall certain rights of Tenant which are reasonably assignable to only one of such leases based on the location of the applicable premises be duplicated in the other of such leases so as to materially increase Tenant's rights), (ii) otherwise be on terms materially consistent with the Lease, as amended (including, without limitation, that neither Tenant’s rights nor Landlord’s obligations shall be diminished, nor shall Tenant’s obligations or Landlord’s rights be increased), and (iii) be in form and substance reasonably approved by Tenant. Such bifurcated, replacement leases shall, if so required by Landlord and to the extent the same otherwise satisfy the requirements of this Section 14, be executed by Landlord and Tenant within thirty (30) days following Landlord's written election and delivery of the same to Tenant.
Lease Bifurcation. The Housing Authority agrees to consider lease bifurcation, as provided in 24 CFR 5.2009, in circumstances involving domestic violence, dating violence, sexual assault, or stalking as identified in 24 CFR part 5, subpart L. If the Housing Authority chooses to bifurcate this Lease, no assistance will be given for an individual who does not meet public housing eligibility, and 24 CFR 5.508(h)(2) applies to submission of evidence of citizenship or eligible immigration status.
Lease Bifurcation. The Landlord may in accordance with any requirements or procedures as may be prescribed by Federal, State, or local law for termination of assistance or leases and in accordance with any requirements under the HOME TBRA program, bifurcate a lease, or remove a household member from a lease in order to evict, remove, terminate occupancy rights, or terminate assistance to such member who engages in criminal activity directly relating to domestic violence, dating violence, sexual assault, or stalking against an affiliated individual or other individual:
(1) Without regard to whether the household member is a signatory to the lease; and
(2) Without evicting, removing, terminating assistance to, or otherwise penalizing a victim of such criminal activity who is also a tenant or lawful occupant.
Lease Bifurcation. (1) A covered housing provider may in accordance with paragraph (a)(2) of this section, bifurcate a lease, or remove a household member from a lease in order to evict, remove, terminate occupancy rights, or terminate assistance to such member who engages in criminal activity directly relating to domestic violence, dating violence, sexual assault, or stalking against an affiliated individual or other individual:
(i) Without regard to whether the household member is a signatory to the lease; and
(ii) Without evicting, removing, terminating assistance to, or otherwise penalizing a victim of such criminal activity who is also a tenant or lawful occupant.
(2) A lease bifurcation, as provided in paragraph (a)(1) of this section, shall be carried out in accordance with any requirements or procedures as may be prescribed by Federal, State, or local law for termination of assistance or leases and in accordance with any requirements under the relevant covered housing program.
Lease Bifurcation
Lease Bifurcation
