Common use of Treatment of Rent Payments Pending Dispute Resolution Clause in Contracts

Treatment of Rent Payments Pending Dispute Resolution. If an Eligible Housing Dispute alleges failure to meet applicable maintenance guidelines and procedures prescribed under the terms of the Lease agreement or applicable Schedules and addenda, or the housing unit is otherwise alleged to be uninhabitable according to applicable State or local law, a Tenant may request Owner to withhold all or part of the Rent payments received by Owner during the Dispute Resolution Process (not to exceed 60 calendar days), on the Request Form for Dispute Resolution Process. Upon receipt of an administratively complete Request Form for Dispute Resolution Process in which the Tenant has requested a partial or complete withholding of Rental payments, the MHO will notify the Owner to initiate the process to withhold such payments from use. The Owner shall segregate amounts equal to such payments (the “Segregated Rental Payments”) in a project level reserve account unavailable to the Owner, or Owner’s property manager, employees, agents, or contractors for any purpose pending completion of the Dispute Resolution Process.

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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Treatment of Rent Payments Pending Dispute Resolution. If an Eligible Housing Dispute alleges failure to meet applicable maintenance guidelines and procedures prescribed under the terms of the Lease agreement or applicable Schedules and addenda, or the housing unit is otherwise alleged to be uninhabitable according to applicable State or local law, a Tenant may request Owner to withhold all or part of the Rent payments received by Owner during the Dispute Resolution Process (not to exceed 60 calendar days), on the Request Form for Dispute Resolution Process. Upon receipt of an administratively complete Request Form for Dispute Resolution Process in which the Tenant has requested a partial or complete withholding of Rental payments, the MHO A HO will notify the Owner to initiate the process to withhold such payments from use. The Owner shall segregate amounts equal to such payments (the “Segregated Rental Payments”) in a project level reserve account unavailable to the Owner, or Owner’s property manager, employees, agents, or contractors for any purpose pending completion of the Dispute Resolution Process.

Appears in 1 contract

Samples: Lease Agreement

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Treatment of Rent Payments Pending Dispute Resolution. If an Eligible Housing Dispute alleges failure to meet applicable maintenance guidelines and procedures prescribed under the terms of the Lease agreement or applicable Schedules and addenda, or the housing unit is otherwise alleged to be uninhabitable according to applicable State or local law, a Tenant may request Owner to withhold all or part of the Rent payments received by Owner during the Dispute Resolution Process (not to exceed 60 calendar days), on the Request Form for Dispute Resolution Process. Upon receipt of an administratively complete Request Form for Dispute Resolution Process in which the Tenant has requested a partial or complete withholding of Rental payments, the MHO will notify the Owner to initiate the process to withhold such payments from use. The Owner shall segregate amounts equal to such payments (the “Segregated Rental Payments”) in a project level reserve account unavailable to the Owner, or Owner’s property manager, employees, agents, or contractors for any purpose pending completion of the Dispute Resolution Process.

Appears in 1 contract

Samples: Mhpi Military Member Tenant Lease Agreement

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