Common use of Rent Reasonableness Clause in Contracts

Rent Reasonableness. In accordance with 24 CFR 578.51, the rent that Landlord charges for the Unit must be reasonable in relation to rents being charged for comparable unassisted units, taking into account the location, size, type, quality, amenities, facilities, and management and maintenance of each unit. Reasonable rent must not exceed rents currently being charged by the same owner for comparable unassisted unit.

Appears in 2 contracts

Samples: Rental Assistance Payment Contract, Rental Assistance Payment Contract

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Rent Reasonableness. In accordance with 24 CFR 578.51982.507, the rent that Landlord charges for the Unit must be reasonable in relation to rents currently being charged for comparable unassisted units, taking into account the location, size, type, quality, amenities, facilities, units and management and maintenance of each unit. Reasonable rent must not exceed be in excess of rents currently being charged by the same owner Landlord for comparable unassisted unitunits that are not receiving federal rental assistance.

Appears in 2 contracts

Samples: Lease Addendum, Rental Assistance Payment Contract

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Rent Reasonableness. In accordance with 24 CFR 578.51982.507, the rent that Landlord charges for the Unit must be reasonable in relation to rents currently being charged for comparable unassisted units, taking into account the location, size, type, quality, amenities, facilities, units and management and maintenance of each unit. Reasonable rent must not exceed be in excess of rents currently being charged by the same owner Landlord for comparable unassisted unitunits that are not receiving Federal rental assistance.

Appears in 1 contract

Samples: Rental Assistance Payment Contract

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