Rent Setting Sample Clauses

Rent Setting. Harvard Real Estate University Portfolio is treated as a Service Center under federal cost accounting guidelines. As such, HRE sets rents according to A21 guidelines (see below) and must charge all University tenants the same rent for similar space. (The government’s cost accounting standards are structured to ensure that there are no cross-subsidies that might lead to a grant paying a disproportionate amount for any service.) Per the University budget letter: Harvard Real Estate (HRE) manages residential, commercial, and University space for Harvard. Residential and commercial rents are set at market rates. Rent for University space is cost-based, as directed by Federal regulations (A21 guidelines), which require that internal rents be set at or below the break-even, fully loaded expense level for the space. Expenses include:  Direct expenses, such as maintenance staff, building services & repairs, utilities, supplies, real estate taxes, insurance, etc.  Indirect expenses such as allocated department overhead (managers and administrative staff, rent, IT & telecom, etc.)  Interest expense for debt on acquisition, construction, or renewal of the building and building systems”. HRE reserves the right to determine the appropriate service level/standard for the building. Occupants that require specific service levels other than the building standard will be responsible for the resulting cost.
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Rent Setting. Harvard Real Estate Campus Services University Portfolio is treated as a Service Center under federal cost accounting guidelines. As such, HRE sets rents according to A21 guidelines (see below), and must charge all University occupants the same rent for similar space. (The government’s cost accounting standards are structured to ensure that there are no cross-subsidies that might lead to a grant paying a disproportionate amount for any service.) Per the University budget letter: “Harvard Real Estate Campus Services (HRE) manages residential, commercial, and University space for Harvard. Residential and commercial rents are set at market rates. Rent for University space is cost- based, as directed by Federal regulations (A21 guidelines), which require that internal rents be set at or below the break-even, fully loaded expense level for the space. Expenses include:  Direct expenses, such as maintenance staff, building services & repairs, utilities, supplies, real estate taxes, insurance, etc.  Indirect expenses such as allocated department overhead (managers and administrative staff, rent, IT & telecom, etc.)  Interest expense for debt on acquisition, construction, or renewal of the building and building systems”. HRE reserves the right to determine the appropriate service level/standard for the building. Occupants that require specific service levels other than the building standard will be responsible for the resulting cost.
Rent Setting. Housing providers are responsible for:  Setting rents commensurate with the Community Housing Income and Asset Limits Policy (June 2013)  Reviewing rents on an annual basis in line with the Community Housing Income and Asset Limits Policy (June 2013)  Identifying where tenants of non-government incorporated associations are eligible for a Commonwealth Rent Assistance payment through Centrelink so the tenant is not financially disadvantage in any way.  Ensuring live in carer are subject to rental charges as they are regarded as a member of a separate household to the tenant. This does not include circumstances where a paid staff member stays at the property on a sleep shift; and whose principal residence is elsewhere.
Rent Setting. Calculation of annual rent review  □ Calculation of annual service charge review  □ Giving formal notice to tenants of rent reviews  □ Keeping records of rent and service charges  □ Supply tenants with giro bank swipe cards  □
Rent Setting. 10.3.1.3 There will be a range of different tenure types available to residents, which are defined in Section 10.1. The Developer will adhere to the following approach when setting rent levels for each tenure: Tenure: Affordable Rented - Target Rented Units Formula for rent setting • Target Rents as set out in the Homes and Communities Agency guidance note, ‘The regulatory framework for social housing in England from April 2012, Annex A; Rent Standard Guidance’. • Calculation of Target Rents will be explained to tenants prior to re-housing. • Target Rents will be set exclusive of service charges. • Target Rents will be offered from day one of tenancies. Criteria applied to determine (market) rent increases • In line with HCA guidance, Target Rents are reviewed for increases in April of each year following applicable formula – on the current guidance rent increases are RPI plus 0.5%. Consultation over rent increases • Tenants will be notified of rent increases at least one month before they are applied. • The Developer will provide transparent information on any rent increases via consultation forums. Tenure : Intermediate - Shared ownership Formula for rent setting • Rents on Shared Ownership homes will be payment in respect of the unsold equity. • For First Development Site this will be calculated on the basis of the leaseholder buying a 40% share with rents payable at 2.75% on the unsold equity based on GLA affordability criteria. • For the remainder of the Development Area this will adhere to the Council’s affordability criteria on the basis of the leaseholder buy a share ranging from 25% to 40%, and rents on unsold equity ranging from 1% to 2.75%. Criteria applied to determine market rent increases • Rents on Shared Ownership unsold equity increase in April each year by RPI plus 0.5% (in line with Government formula). Consultation over rent increases • Leaseholders are notified of rent increases one month in advance to facilitate changes to payment methods. • The Developer will provide transparent increase information via consultation forums. Tenure : Intermediate - Shared equity Formula for rent setting • The Developer will not charge rent on the unsold equity in these properties. • The detailed provisions for the requirements for Leaseholder investment in Shared Equity are set out in Section 12.

Related to Rent Setting

  • Agreement Settlement Agreement Settlement will be used to confirm the offer and delivery of A&D 63 Services by County and determine satisfaction of the minimum performance requirements and quality measures, based on data properly reported in accordance with Section 3., “Special Reporting Requirements” above.

  • Rent Adjustments 4.1 For the purpose of this Article 4, the following terms are defined as follows:

  • Deposits There will be two types of Deposits: Full and Differential. For both types, the universe of Registry objects to be considered for data escrow are those objects necessary in order to offer all of the approved Registry Services.

  • Rent Adjustment (a) If, solely as a result of Congressional enactment of any law (including, without limitation, any modification of, or amendment or addition to, the Internal Revenue Code of 1986, as amended, ("Code")), the maximum effective corporate income tax rate (exclusive of any minimum tax rate) for calendar-year taxpayers ("Effective Rate") is higher than thirty-five percent (35%) for any year during the lease term, then Lessor shall have the right to increase such rent payments by requiring payment of a single additional sum. The additional sum shall be equal to the product of (i) the Effective Rate (expressed as a decimal) for such year less .35 (or, in the event that any adjustment has been made hereunder for any previous year, the Effective Rate (expressed as a decimal) used in calculating the next previous adjustment) times (ii) the adjusted Termination Value (defined below), divided by (iii) the difference between the new Effective Rate (expressed as a decimal) and one (1). The adjusted Termination Value shall be the Termination Value (calculated as of the first rent due in the year for which the adjustment is being made) minus the Tax Benefits that would be allowable under Section 168 of the Code (as of the first day of the year for which such adjustment is being made and all future years of the lease term). The Termination Values and Tax Benefits are defined on the Schedule. Lessee shall pay to Lessor the full amount of the additional rent payment on the later of (i) receipt of notice or (ii) the first day of the year for which such adjustment is being made.

  • Xxxxxxx Money (Security Deposit) 5.1 While submitting commercial bid, the BIDDER shall deposit an amount………. (to be specified in RFP) as Xxxxxxx Money/Security Deposit, with the BUYER through any of the following instruments:

  • THE PROPERTY AND THE RESERVE PRICE 1.1 The property particulars of which are described in the Proclamation of Sale (“Property Details”) is put up for sale by way of Public Auction (“The Auction Sale”) subject to the reserve price as stated in the Proclamation of Sale (“Reserve Price”).

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one) ☐ - Agent for returning to vacating tenants. ☐ - Owner for returning to vacating tenants.

  • 217 Extension Deposits In the event of Contract Term Extension, Forest Service shall divide the difference between Current Contract Value as of the start of any Contract Term Extension and the credit balance of any deposit made pursuant to B4.213 by the number of whole months remaining in Normal Operating Season(s) within the extension period to determine the amount of each “Extension Deposit.” Purchaser shall make the initial Extension Deposit prior to Forest Service executing the contract modifica- tion. In response to Forest Service billing under B4.21, Purchaser shall make advance cash deposits. Such de- posits shall at least equal each Extension Deposit re- quired for each whole month remaining in Normal Operat- ing Season(s) during the extension period. Extension De- posits shall be due by the last day of each month during Normal Operating Season whether or not the volume that is covered by such deposits has been Scaled. Due dates for Extension Deposits during the exten- sion period may be delayed when Purchaser earns Con- tract Term Adjustment if Termination Date, as adjusted, results in one or more additional complete months within Normal Operating Season(s).

  • Rejection of Deposit We are not liable for any fees, service, or late charges levied against you due to our rejection of any item. In all cases, you are responsible for any loss or overdraft plus any applicable fees to your account due to an item being returned.

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