MONTHLY RENT TO THE OWNER. The monthly “Contract Rent” to the Owner is determined by the New York City Housing Authority (“NYCHA”) in accordance with the U.S. Department of Housing and Urban Development (“HUD”) requirements for a tenancy under the Section 8 Project-Based Voucher (“PBV”) program.
MONTHLY RENT TO THE OWNER. Each month the Owner and/or Managing Agent will credit a housing assistance payment received from the New York City Housing Authority (“NYCHA”) (the “monthly housing assistance payment”) against the total monthly rent owed for the Leased Premises (the “Contract Rent”). The amount of the monthly housing assistance payment will be determined by NYCHA in accordance with the U.S. Department of Housing and Urban Development (“HUD”) requirements for a tenancy under the Section 8 Project-Based Voucher (“PBV”) program. The Tenant is responsible for paying to the Owner an amount that is thirty (30%) percent of adjusted gross income as determined by NYCHA, exclusive of any allowance for tenant-paid utilities, if applicable, (the “Tenant’s portion of the rent”) as further set forth in accordance with HUD PBV requirements. The Contract Rent is the combination of the monthly housing assistance payment plus Tenant’s portion of the rent. The Tenant’s portion of the rent is due and payable the first day of each month or at such other day each month as the Owner and/or Managing Agent may decide at the address above or at a location designated by Owner and/or Managing Agent in writing. Notice from Owner to Tenant that rent is due is not required. The rent must be paid in full without deductions. The Tenant shall tender his/her portion of the rent by check or money order or as otherwise accepted by the Owner and/or Managing Agent. TENANT’S PORTION: The initial Tenant’s portion of the rent shall be $ .
MONTHLY RENT TO THE OWNER. The Tenant is responsible for paying to the Owner the lesser of (i) an amount that is thirty (30%) percent of adjusted gross income as determined by the Owner and/or Managing Agent in accordance with the requirements for the Section 8 Project-Based Voucher (“PBV”) program, or (ii) the Total Contract Rent for Apartment as listed below (the “Tenant’s portion of the rent”). The Tenant agrees to provide to Owner and/or Managing Agent annually, no later than sixty (60) days from Owner’s and/or Managing Agent’s request, a certification of annual income and household size along with verification documentation. In order to verify Tenant’s certification of annual income and household size, the Owner and/or Managing Agent may require Tenant to provide, and Tenant agrees to deliver, such documentation as would enable the Owner and/or Managing Agent to verify Tenant’s income under the requirements of the PBV Program, including, without limitation, six (6) consecutive paystubs, completed federal and state income tax returns, and W-2 and 1099 forms (or their equivalent). If the Tenant fails to provide income documentation within the required time frame, Tenant agrees to pay the Total Contract Rent for Apartment as listed below. Owner and Tenant agree that if at any time the Owner notifies Tenant that they are eligible for the PBV program, the Tenant agrees to provide to the New York City Housing Authority (“NYCHA”) all documentation necessary to apply for assistance under the PBV program. If the Tenant does not apply for the PBV program within thirty (30) days of notification by Owner, Tenant agrees to pay the Total Contract Rent for Apartment as listed below. The Tenant’s portion of the rent is due and payable the first day of each month or at such other day each month as the Owner and/or Managing Agent may decide at the address above or at a location designated by Owner and/or Managing Agent in writing. Notice from Owner to Tenant that Tenant and the members of the Tenant's household (i.e., those named in the signed application, born or adopted into the household, or authorized by the Owner and/or Managing Agent) who remain in continuous occupancy since the inception of the tenancy, since birth, or since authorization by the Owner and/or Managing Agent. The members of the Tenant’s household as authorized by the Owner and/or Managing Agent are listed below. The Tenant and the members of the Tenant’s household shall have the right to exclusive use and occupancy of the L...
MONTHLY RENT TO THE OWNER. Each month the Owner and/or Managing Agent will credit a housing assistance payment received from the New York City Housing Authority (“NYCHA”) (the “monthly housing assistance payment”) against the total monthly rent owed for the Leased Premises (the “Contract Rent”). The amount of the monthly housing assistance payment will be determined by NYCHA in accordance with the U.S. Department of Housing and Urban Development (“HUD”) requirements for a tenancy under NYCHA’s implementation of the Rental Assistance Demonstration program (“RAD”) as implemented by Notice H 2019-09 PIH 2019-23 (September 5, 2019), as it may be amended from time to time. The Tenant is responsible for paying to the Owner an amount that is thirty (30%) percent of adjusted gross income as determined by NYCHA, exclusive of any allowance for tenant-paid utilities, if applicable, unless that amount represents an increase of more than the greater of ten (10%) percent or twenty-five ($25.00) dollars upon conversion as determined by NYCHA, in which case the increase of said amount will be phased-in over a 5-year period (the “Tenant’s portion of the rent”) as further set forth in accordance with HUD requirements for RAD. The Contract Rent is the greater of (i) Tenant’s portion of the rent (30% of adjusted gross income) or (ii) the combination of the monthly housing assistance payment plus Tenant’s portion of the rent. The Tenant’s portion of the rent is due and payable the first day of each month or at such other day each month as the Owner and/or Managing Agent may decide at the address above or at a location designated by Owner and/or Managing Agent in writing. Notice from Owner to Tenant that rent is due is not required. The rent must be paid in full without deductions. The Tenant shall tender his/her portion of the rent by check or money order or as otherwise accepted by the Owner and/or Managing Agent.
MONTHLY RENT TO THE OWNER. Each month the Owner and/or Managing Agent will credit a housing assistance payment received from the New York City Housing Authority (“NYCHA”) (the “monthly housing assistance payment”) against the total monthly rent owed for the Leased Premises (the “Contract Rent”). The amount of the monthly housing assistance payment will be determined by NYCHA in accordance with the U.S. Department of Housing and Urban Development (“HUD”) requirements for a tenancy under the Section 8 Project-Based Voucher (“PBV”) program. The Tenant is responsible for paying to the Owner the lesser of (i) an amount that is thirty (30%) percent of adjusted gross income as determined by the Owner and/or Managing Agent in accordance with the requirements for the Section 8 Project-Based Voucher (“PBV”) program, or (ii) the Total Contract Rent for Apartment as listed below (the “Tenant’s portion of the rent”), if applicable, unless that amount represents an increase of more than the greater of ten (10%) percent or twenty-five ($25.00) dollars upon conversion as determined by NYCHA, in which case the increase of said amount will be phased-in over a 5-year period (the “Tenant’s portion of the rent”) as further set forth in accordance with HUD PBV requirements. The Contract Rent is the combination of the monthly housing assistance payment plus Tenant’s portion of the rent. The Tenant’s portion of the rent is due and payable the first day of each month or at such other day each month as the Owner and/or Managing Agent may decide at the address above or at a location designated by Owner and/or Managing Agent in writing. Notice from Owner to Tenant that rent is due is not required. The rent must be paid in full without deductions. The Tenant shall tender his/her portion of the rent by check or money order or as otherwise accepted by the Owner and/or Managing Agent.
MONTHLY RENT TO THE OWNER. Each month the Owner and/or Managing Agent will credit a housing assistance payment received from the New York City Housing Authority (“NYCHA”) (the “monthly housing assistance payment”) against the total monthly rent owed for the Leased Premises (the “Contract Rent”). The amount of the monthly housing assistance payment will be determined by NYCHA in accordance with the U.S. Department of Housing and Urban Development (“HUD”) requirements for a tenancy under NYCHA’s implementation of the Rental Assistance Demonstration program (“RAD”). The Tenant is responsible for paying to the Owner an amount that is thirty (30%) percent of adjusted gross income as determined by NYCHA, exclusive of any allowance for tenant-paid utilities, if applicable, unless that amount represents an increase of more than the greater of ten (10%) percent or twenty-five ($25.00) dollars upon conversion as determined by NYCHA, in which case the increase of said amount will be phased-in over a 5-year period (the “Tenant’s portion of the rent”) as further set forth in accordance with HUD requirements for RAD. The Contract Rent is the greater of (i) Tenant’s portion of the rent (30% of adjusted gross income) or (ii) the combination of the monthly housing assistance payment plus Tenant’s portion of the rent. The Tenant’s portion of the rent is due and payable the first day of each month or at such other day each month as the Owner and/or Managing Agent may decide at the address above or at a location designated by Owner and/or Managing Agent in writing. Notice from Owner to Tenant that rent is due is not required. The rent must be paid in full without deductions. The Tenant shall tender his/her portion of the rent by check or money order or as otherwise accepted by the Owner and/or Managing Agent. the Tenant’s household as authorized by the Owner and/or Managing Agent are listed below. The Tenant and the members of the Tenant’s household shall have the right to exclusive use and occupancy of the Leased Premises: Name: Birth Date: Relation to Tenant: TENANT’S PORTION: The initial Tenant’s portion of the rent shall be $ . HAP SUBSIDY: The initial monthly housing assistance payment shall be $ . TOTAL CONTRACT RENT FOR APARTMENT: The initial contract rent shall be $ . The Owner, in consideration of the rent herein paid and the representations made by the Tenant as set forth in his/her/their signed application, and his/her/their undertaking to comply with the Tenant’s obligations in this Lease a...
