Income-Based Rent definition

Income-Based Rent. For Federal Public Housing the monthly rental amount shall not exceed 30% of monthly-adjusted income or 10% of the monthly gross income, whichever is greater.
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Income-Based Rent. The income-based rent amount is based on the family income and other information reported by the Resident. (check one)
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Income-Based Rent means the Resident’s rent that is based on the Resident’s household income and PCHA policy.
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Examples of Income-Based Rent in a sentence

  • All requests to return to the Income-Based Rent must be submitted in writing.

  • Each year, at the time of the Annual Recertification, the family has the option of selecting HACE’s established Flat Rent or having their rent based on the amount of their income (Income-Based Rent).

  • Income-Based Rent: For Federal Public Housing the monthly rental amount shall not exceed 30% of monthly- adjusted income or 10% of the monthly gross income, whichever is greater.

  • Resident elects to change from the Flat Rent calculation method to the Income-Based Rent method.

  • For families on Income-Based Rent, the Authority shall conduct an Interim Recertification if it is alleged that the tenant has misrepresented the facts upon which the rent is based.

  • Each year, at the time of the Annual Recertification, the family has the option of selecting the Authority’s established Flat Rent or having their rent based on the amount of their income (Income-Based Rent).


More Definitions of Income-Based Rent

Income-Based Rent means a monthly rent payment that is calculated based upon a household’s adjusted income. A household’s adjusted income is determined in accordance with 24 Code of Federal Regulations 5.611.
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Related to Income-Based Rent

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Comparison Year is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first twelve (12) months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which Lessee is responsible for a share of such increase.

  • Percentage Rent As defined in Subsection 3.1(b).