Common use of Lease Term and Amount of Rent Clause in Contracts

Lease Term and Amount of Rent. (a) The initial term of this Lease is 12 months, unless otherwise modified or terminated based on this Lease. The Lease is automatically renewable except for noncompliance with the community service requirements or participation in an economic self-sufficiency program for applicable households. (b) The rent amount is stated in the Lease #5 above. Rent shall remain in effect unless adjusted by the CHA, according to this Lease. The rent amount shall be determined by the CHA in compliance with United States Department of Housing and Urban Development (HUD) regulations and the CHA approved Rent Policy. (c) Each time a resident’s check for rent is not honored (due to insufficient funds) the CHA will collect a fee of $30. If the resident’s check is not honored three times, the CHA will not accept personal checks during the remainder of the lease term. (d) During the re-examination process, residents will have a choice to pay either flat rent or income- based rent. (Utility allowances do not apply to flat rent.)

Lease Term and Amount of Rent. (a) The initial term of this Lease is 12 months, unless otherwise modified or terminated based on this Lease. The Lease is automatically renewable except for noncompliance with the community service requirements or participation in an economic self-sufficiency Economic Independence program for applicable households. (b) The rent amount is stated in the Lease #5 above. Rent shall remain in effect unless adjusted by the CHA, according to this Lease. The rent amount shall be determined by the CHA in compliance with United States Department of Housing and Urban Development (HUD) regulations and the CHA approved Rent Policy. (c) Each time a resident’s check for rent is not honored (due to insufficient funds) the CHA will collect a fee of $30. If the resident’s check is not honored three times, the CHA will not accept personal checks during the remainder of the lease term. (d) During the re-examination process, residents will have a choice to pay either flat rent or income- based rent. (Utility allowances do not apply to flat rent.)

Lease Term and Amount of Rent. (a) The initial term of this Lease is 12 months, unless otherwise modified or terminated based on in accordance with this Lease. The Lease is automatically renewable except for noncompliance with the community service requirements or participation in an economic self-sufficiency program for applicable households. (b) The rent amount is stated in the Lease #5 above. Rent shall remain in effect unless adjusted by the CHA, according to in accordance with this Lease. The rent amount shall be determined by the CHA in compliance with United States Department of Housing and Urban Development (HUD) regulations and the CHA approved Rent Policy. (c) Each time a resident’s check for rent is not honored (due to insufficient funds) the CHA will collect a fee of $30. If the resident’s check is not honored three times, the CHA will not accept personal checks during the remainder of the that lease term. (d) During the re-examination process, residents will have a choice to pay either flat rent or income- based rent. (Utility allowances do not apply to flat rent.)