Rent to Owner. a. The initial rent to owner may not exceed the amount approved by the PHA in accordance with HUD requirements. b. Changes in the rent to owner shall be determined by the provisions of the lease. However, the owner may not raise the rent during the initial term of the lease. c. During the term of the lease (including the initial term of the lease and any extension term), the rent to owner may at no time exceed: (1) The reasonable rent for the unit as most recently determined or redetermined by the PHA in accordance with HUD requirements, or (2) Rent charged by the owner for comparable unassisted units in the premises.
Appears in 27 contracts
Samples: Housing Assistance Payments Contract (Hap Contract), Housing Assistance Payments Contract (Hap Contract), Housing Assistance Payments Contract
Rent to Owner. a. The initial rent to owner may not exceed the amount approved by the PHA in accordance with HUD requirementsrequire- ments.
b. Changes in the rent to owner shall be determined by the provisions of the lease. However, the owner may not raise the rent during the initial term of the lease.
c. During the term of the lease (including the initial term of the lease and any extension term), the rent to owner may at no time exceed:
(1) The reasonable rent for the unit as most recently determined or redetermined by the PHA in accordance with HUD requirements, or
(2) Rent charged by the owner for comparable unassisted units in the premises.
Appears in 4 contracts
Samples: Housing Assistance Payments Contract (Hap Contract), Housing Assistance Payments Contract (Hap Contract), Housing Assistance Payments Contract (Hap Contract)
Rent to Owner. a. The initial rent to owner may not exceed the amount approved by the PHA in accordance with HUD requirements.
b. Changes in the rent to owner shall be determined by the provisions of the lease. However, the owner may not raise the rent during the initial term of the lease.
c. During the term of the lease (including the initial term of the lease and any extension term), the rent to owner may at no time exceed:
: (1) The reasonable rent for the unit as most recently determined or redetermined by the PHA in accordance with HUD requirements, or
(2) Rent charged by the owner for comparable unassisted units in the premises.
Appears in 1 contract
Samples: Lease Agreement
Rent to Owner. a. The initial rent to owner may not exceed the amount approved by the PHA in accordance with HUD requirements.
b. Changes in the rent to owner shall be determined by the provisions of the lease. However, the owner may not raise the rent during the initial term of the lease.
c. During the term of the lease (including the initial term of the lease and any extension term), the term),the rent to owner may at no time exceed:
(1) The reasonable rent for the unit as most recently determined or redetermined re-determined by the PHA in accordance with HUD requirements, or
(2) Rent charged by the owner for comparable unassisted units in the premises.
Appears in 1 contract
Samples: Assisted Housing Lease Agreement
Rent to Owner. a. The initial rent to owner may not exceed the amount approved by the PHA in accordance with HUD requirements.
b. Changes in the rent to owner shall be determined by the provisions of the lease. However, the owner may not raise the rent during the initial term of the lease.
c. During the term of the lease (including the initial term of the lease and any extension term), the rent to owner may at no time exceed:
(1) . The reasonable rent for the unit as most recently determined or redetermined by the the
2. PHA in accordance with HUD requirements, or
(2) 3. Rent charged by the owner for comparable unassisted units in the premises.
Appears in 1 contract
Samples: Residential Lease Agreement