Common use of Rent Subsidy Clause in Contracts

Rent Subsidy. Assistance with rental accommodation may be considered on the merits of each case if a principal on transfer is experiencing difficulty in finding permanent housing. The subsidy will be granted only in respect of a short-term tenancy. The amount of the subsidy will be the excess of the rental over one-sixth of the principal’s gross salary. The period of subsidy is limited to three months. Furniture storage charges may be met while the principal is on a rent subsidy.

Appears in 4 contracts

Samples: Principals' Collective Agreement, Principals' Collective Agreement, Principals' Collective Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!