Common use of Over-Income Tenants Clause in Contracts

Over-Income Tenants. Tenant shall either comply with the applicable IRS rules for over-income tenants or, in the absence of any applicable IRS rules, shall comply with the following rule: any tenant who initially qualified as a Low Income or Very Low Income household, as applicable, and who no longer qualifies as a Low Income or Very Low Income household, respectively, shall pay as rent an amount equal to 30 percent of the household income, and shall be given one (1) year to relocate from the Affordable Unit for which they initially qualified.

Over-Income Tenants. Tenant Owner shall either comply with the applicable IRS rules for over-income tenants or, in the absence of any applicable IRS rules, shall comply with the following rule: any tenant who initially qualified as a Low Income or Very Low Income household, as applicable, an eligible income tenant and who no longer qualifies as a Low Income or Very Low Income an eligible income household, respectively, shall pay as rent an amount equal to 30 percent of the household income, and shall be given one (1) year to relocate from the Affordable Unit for which they such tenant initially qualified.

Over-Income Tenants. Tenant Owner shall either comply with the applicable IRS rules for over-income tenants or, in the absence of any applicable IRS rules, shall comply with the following rule: any tenant who initially qualified as a Moderate Income, Low Income Income, or Very Low Income household, as applicable, and who no longer qualifies as a Moderate Income, Low Income or Very Low Income household, respectively, shall pay as rent an amount equal to 30 percent of the household income, and shall be given one (1) year to relocate from the Affordable Unit for which they such tenant initially qualified.

Over-Income Tenants. Tenant shall either comply with the applicable IRS rules for over-income tenants or, in the absence of any applicable IRS rules, shall comply with the following rule: any tenant who initially qualified as a Low Income or Very Low Income household, as applicable, and who no longer qualifies as a Low Income or Very Low Income household, respectivelysuch, shall pay as rent an amount equal to 30 percent of the household income, and shall be given one (1) year to relocate from the Affordable Unit for which they initially qualified.

Over-Income Tenants. Tenant Owner shall either comply with the applicable IRS rules for over-income tenants or, in the absence of any applicable IRS rules, shall comply with the following rule: any tenant who initially qualified as a Low Income or Very Extremely Low Income household, as applicable, and who no longer qualifies as a Low Income or Very Extremely Low Income household, respectively, shall pay as rent an amount equal to 30 percent of the household income, and shall be given one (1) year to relocate from the Affordable Unit for which they initially qualified.one

Over-Income Tenants. Tenant shall either comply with the applicable IRS rules for over-income tenants or, in the absence of any applicable IRS rules, Owner shall comply with the following rule: any tenant who initially qualified as a Low Income Income, Very Low Income, or Very Extremely Low Income household, as applicable, and who no longer qualifies as a Low Income Income, Very Low Income, or Very Extremely Low Income household, respectively, shall pay as rent an amount equal to 30 percent of the household income, and shall be given one (1) year to relocate from the Affordable Unit for which they such tenant initially qualified.

Over-Income Tenants. Tenant Owner shall either comply with the applicable IRS rules for over-income tenants or, in the absence of any applicable IRS rules, shall comply with the following rule: any tenant who initially qualified as a Low Income or Very an Extremely Low Income household, as applicable, and who no longer qualifies as a Low Income or Very an Extremely Low Income household, respectively, shall pay as rent an amount equal to 30 percent of the household income, and shall be given one (1) year to relocate from the Affordable Unit Eligible Residential Units for which they such tenant initially qualified.

Over-Income Tenants. Tenant Owner shall either comply with the applicable IRS rules for over-income tenants or, in the absence of any applicable IRS rules, shall comply with the following rule: any tenant who initially qualified as a Low Income or Very Low Income household, as applicable, and who no longer qualifies as a Low Income or Very Low Income household, respectively, household shall pay as rent an amount equal to 30 percent of the household income, and shall be given one (1) year to relocate from the Affordable Unit for which they such tenant initially qualified.