Common use of Unit Reassignment Clause in Contracts

Unit Reassignment. Since the monthly rent for the Apartment is calculated on the basis of the size of the unit, Tenant may, upon expiration of the Lease, be reassigned to a different unit if: (a) an increase or decrease in the number of Tenant’s family members residing in the Apartment warrants such a change under applicable statutes and regulations and (b) Tenant would be eligible for Low Income Unit Tenancy upon such transfer to another unit in the Project (that is, Tenant’s annual Household income at the time of such transfer would not exceed the Initial Qualifying Household Income for the Unit to which Xxxxxx would be transferred). In the event of such reassignment, Xxxxxx’s monthly rent shall be based upon the size of the new unit occupied.

Appears in 3 contracts

Samples: www.nyc.gov, www1.nyc.gov, eshare.nycha.info

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Unit Reassignment. Since the monthly rent for the Apartment is calculated on the basis of the size of the unit, Tenant may, upon expiration of the Lease, be reassigned to a different unit if: (a) an increase or decrease in the number of Tenant’s family members residing in the Apartment warrants such a change under applicable statutes and regulations and (b) Tenant would be eligible for Low Income Unit Tenancy upon such transfer to another unit in the Project (that is, Tenant’s annual Household income at the time of such transfer would not exceed the Initial Qualifying Household Income for the Unit to which Xxxxxx Tenant would be transferred). In the event of such reassignment, XxxxxxTenant’s monthly rent shall be based upon the size of the new unit occupied.

Appears in 1 contract

Samples: eshare.nycha.info

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Unit Reassignment. Since the monthly rent for the Apartment is calculated on the basis of the size of the unit, Tenant may, upon expiration of the Lease, be reassigned to a different unit if: (a) an increase or decrease in the number of Tenant’s family members residing in the Apartment warrants such a change under applicable statutes and regulations and (b) Tenant would be eligible for Low Income Unit Tenancy upon such transfer to another unit in the Project (that is, Tenant’s annual Household income at the time of such transfer would not exceed the Initial Qualifying Household Income for the Unit to which Xxxxxx would be transferred). In the event of such reassignment, Xxxxxx’s 's monthly rent shall be based upon the size of the new unit occupied.

Appears in 1 contract

Samples: Regulatory Agreement

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