Tenant Income Certification Sample Clauses
Tenant Income Certification. A tenant's initial tax credit certification, including the tenant income certification/certificate of resident eligibility, all sources used in verifying income and assets (including, but not limited to, third party verification, checking and savings accounts, pay stubs, verification of assets, etc.), a copy of one completed lease signed and dated for each building, and a copy of the first and last page of each resident lease in each building showing the start date of the lease and signature of the resident(s) and owner. Term: The period of time the Partnership shall continue in existence as stated in Section
Tenant Income Certification. Prior to leasing a RHS Program Unit to a Tenant, the Landlord shall obtain a certification of income (the "Tenant Income Certification") from the Tenant on the “Tenant Income Certification” form attached hereto as Exhibit F. Either the LAA, or at the direction and supervision of the LAA, the Landlord, shall verify the Tenant’s income and assets in compliance with the Program Requirements. In addition, upon the first to occur of Tenant application to renew the Lease or one year after the prior Tenant Income Certification (or at such other times prescribed by the Authority or the LAA), the Landlord shall: (1) obtain a recertification of Tenant’s annual income and assets from the Tenant (the "Recertification"); (2) report the composition of Tenant’s household; and (3) supply any other information required by the Landlord or the LAA, for the purposes of determining the Tenant Contribution and Rental Assistance (both, as defined below). The Landlord, or the LAA, as the case may be, shall verify the Tenant’s income, assets and household composition, in compliance with the Program Requirements to recompute the amount of the Tenant Contribution and Rental Assistance. If the Tenant does not submit the required recertification information by the date specified in the Landlord's or the LAA’s request, as the case may be, the LAA may impose penalties in accordance with the applicable administrative procedures and time frames specified in the Program Requirements. The penalties may be up to and including termination of participation in the RHS Program. If the Tenant requests a meeting with the party that performed the Tenant Income Certification and/or Recertification to discuss any change in Tenant Contribution or Rental Assistance resulting from the Tenant Income Certification and/or Recertification computation process, such party shall meet with the Tenant and discuss how the Tenant Contribution and Rental Assistance were computed.
Tenant Income Certification. Owner or Owner’s authorized agent shall obtain from each household prior to initial occupancy of each Restricted Unit, and on every anniversary thereafter, a written certificate containing all of the following in such format and with such supporting documentation as City may reasonably require:
(i) The identity of each household member;
(ii) The total gross household income (as determined pursuant to Section 2.3); and Owner shall retain such certificates for not less than five (5) years, and upon City’s request, shall provide copies of such certificates to City and make the originals available for City inspection.
Tenant Income Certification. Form refers to the form used to determine and certify whether a potential renter is an Eligible Tenant, in a form approved by City. The form provided in Exhibit 3 is deemed approved by City.
Tenant Income Certification. RE: West End Chicago, Illinois Name of ▇▇▇▇▇▇ (person(s) whose name appears on the lease): Address of Apartment: Apartment Number: Some or all of the cost of the apartment development in which you are to lease an apartment was financed by Low Income Housing Tax Credits through the Chicago Department of Housing. In order to qualify for these tax credits, there are certain requirements which must be met with respect to the apartment development and its tenants. To satisfy one of those requirements it is necessary for you to provide the information requested in this Tenant Certification at the time you sign your lease and annually thereafter so long as you remain a tenant in the above apartment development.