Contract rent means rental paid to the landlord for the right to occupy a homestead, in-

Contract rent means rental paid to the landlord for the right to occupy a homestead, including the right to use the personal property located therein. “Contract rent” does not include rental paid for the right to occupy a homestead that is exempt from taxation, unless payments in lieu of taxes of 10 percent or more of the rental exclusive of fuel and utilities are made on behalf of the homestead. “Contract rent” does not include advanced rental payments for another period and rental deposits, whether or not expressly set out in the rental agreement, or payments made to a nonprofit home for the elderly described in ORS 307.375. If a landlord and tenant have not dealt with each other at arm’s length, and the Department of Revenue is satisfied that the contract rent charged was excessive, it may adjust the contract rent to a reasonable amount for purposes of ORS 310.630 to 310.706.

Contract rent means the total monthly rent payable to the owner or landlord under the lease for the dwelling unit.

Examples of Contract rent in a sentence

Contract rent for each contract unit, as adjusted annually by the CA in accordance with section 6 of the HAP contract, may at no time exceed reasonable rent, as determined by the CA, charged for comparable units in the private unassisted market.
Contract rent shall be adjusted by written notice by the CA to the owner in accordance with this section.
Contract rent to owner (if unit has other subsidy, put subsidized rent)$ 11k.11m.
If a HAP Contract rent increase is requested and a Rent Comparability Study (RCS) is required, the lender must submit the RCS and an appraisal as part of the application.
If the owner is including the utility in the Contract rent, then the arrangement must be included in the lease.

More Definitions of Contract rent

Contract rent means that portion of the payment made by a lessee (including a sublessee) to a lessor (or to a third party for the benefit of that lessor) for a leasehold interest in land and im- provements or tangible personal property.

Contract rent means the amount of consideration due as payment for a leasehold interest, including: The total of cash payments made to the lessor or to another party for the benefit of the lessor according to the requirements of the lease or agreement, including any rents paid by a sublessee; expenditures for the protection of the lessor's interest when required by the terms of the lease or agreement; and expenditures for improvements to the property to the extent that such improvements become the property of the lessor. Where the consideration conveyed for the leasehold interest is made in combination with payment for concession or other rights granted by the lessor, only that portion of such payment which represents consideration for the leasehold interest is part of contract rent.

Contract rent means that portion of the payment made by a lessee (including a sublessee) to a public lessor (or to a third party for the benefit of that lessor) for a leasehold interest in land and improvements or tangible personal prop- erty.

Contract rent means the actual cost per unit to operate the housing, not including any social services or utilities. This may also be calculated as operating or rental subsidy paid to the project per unit plus the rent paid by the tenant for that unit.

Contract rent means payments in money or in kind for the right to use real property as required by the terms of the possessory interest agreement. It includes royalty payments and other rights to share in production, the value that the public owner is expected to realize from improvements erected at the expense of the possessor which will remain when the possessory interest terminates, and any other form of compensation paid or payable for the right to occupy the property. It does not, however, include payments for services such as utilities and janitorial labor or for the use of property not subject to the possessory interest.‌

Contract rent means the total rent payable to the owner of a dwelling unit through a housing assistance payments contract.