USE AND OCCUPANCY OF THE PROPERTY a. It is agreed that during the Term, the Property Owner will maintain the Property as his/her principal residence.
b. It is agreed that during the Term, the Property Owner will maintain the Property in accordance to the minimum standards set forth in the (enter name of entity) Policies and Procedures for their Home Buyer Program defined as U.S. Department of Housing and Urban Development Section 8 Housing Quality Standards.
USE AND OCCUPANCY OF THE PROPERTY. 1. It is agreed that during the Term, the Owner will maintain the Property as rental housing and will rent or hold available for rental each Assisted Unit on a continuous basis.
2. The Owner will make continuously available for occupancy by Low Income Families as Qualifying Units, not less than Units, and not less than
USE AND OCCUPANCY OF THE PROPERTY. Borrower must at all times occupy no less than 51% of the net rentable space in the Property.
USE AND OCCUPANCY OF THE PROPERTY. The Owner shall comply with the following restrictions regarding the use and occupancy of the Property for the duration of the Affordability Period as defined and established in Article 3 of this Agreement. These covenants shall run with the land until the end of the thirty-year affordability period and shall be binding on all parties and persons claiming under them.
USE AND OCCUPANCY OF THE PROPERTY
