Common use of Rental Rate Increases Clause in Contracts

Rental Rate Increases. Rental rates for Income-Restricted Units shall be adjusted no more frequently than annually. Rent increases for Income-Restricted Units may not allow rents paid by Tenants to exceed the rental rate requirements established above, and shall be based on Area Median Income increases for the household sizes and income levels specified in this Article IV, as published annually by HUD for the Washington, D.C. Metropolitan area. Borrower must be provided a written notice of a minimum of thirty (30) days prior to any increase in the rent schedule.

Rental Rate Increases. Rental rates for Income-Restricted Units shall be adjusted no more frequently than annually. Rent increases for Income-Restricted Units may not allow rents paid by Tenants to exceed the rental rate requirements established above, and shall be based on Area Median Income increases for the household sizes and income levels specified in this Article IV, as published annually by HUD for the Washington, D.C. Metropolitan area. Borrower must be provided a written notice of a minimum of thirty (30) days prior to any increase in the rent schedule.Metropolitan

Rental Rate Increases. Rental rates for Income-Restricted Units shall be adjusted no more frequently than annually. Rent increases for Income-Restricted Units may not allow rents paid by Tenants to exceed the rental rate requirements established in Section 4.04(a) above, and shall be based on Area Median Income increases for the household sizes and income levels specified in this Article IV, as published annually by HUD for the Washington, D.C. Metropolitan area. Borrower must be provided a written notice of a minimum of thirty (30) days prior to any increase in the rent schedule.

Rental Rate Increases. Rental rates for Income-Restricted Units shall be adjusted no more frequently than annually. Rent increases for Income-Restricted Units may not allow rents paid by Tenants to exceed the rental rate requirements established above, and shall be based on Area Median Income increases for the household sizes and income levels specified in this Article IV, as published annually by HUD for the Washington, D.C. Metropolitan area. Borrower The Tenants, with a copy to the County Manager or his designee, must be provided a written notice of a minimum of thirty (30) days prior to any increase in the their rent schedule.