Ineligible Tenant definition

Ineligible Tenant means a person who:

Ineligible Tenant means a person who was an Eligible Tenant but has subsequently ceased to be an Eligible Tenant; IRR means the income-related rent calculated by MSD for a Tenant in accordance with the applicable provisions of the HRTM Act and as set out in this Agreement; IRRS means the income-related rent subsidy in respect of a Tenant payable by MSD to the Provider in accordance with this Agreement, calculated as the Agreed Rent for the Property less the applicable IRR for each Tenant that has a Tenancy in respect of the Property; Key Terms means the table of key commercial terms and details specific to this Agreement, which table is subject to and to be read in light of the balance of this Agreement and the Relationship Agreement; Major Improvement means any works or improvements to a Property that would be expected to alter the Market Rent; T E M P L A T E Market Rent means what a willing landlord might reasonably expect to receive, and a willing tenant might reasonably expect to pay, for the tenancy in comparison with rent levels for similar properties in similar areas; Market Rent Review means a review of Market Rent undertaken in accordance with the Key Terms and clause 3 of Schedule 1; Parties means MSD and the Provider;

Examples of Ineligible Tenant in a sentence

• These dates should be legibly recorded on an Ineligible Tenant Index, Form 040.014.

• If, at the time of recertification, for two consecutive years, a Ttenant’s household income exceeds the eligibility requirements set forth in the BMR Guidelines (“Ineligible Tenant”), the Ineligible Tenant shall no longer be qualified to rent the BMR unit and the lLease shall provide that the lLease term shall expire and the tTenant shall vacate the BMR unit on or prior to sixty (60) days after delivery of a notice of ineligibility by the property manager or City or City’s designee to the tTenant.

• If, at the time of recertification, a Tenant's household income exceeds the eligibility requirements set forth in the Guidelines ("Ineligible Tenant"), the Ineligible Tenant shall no longer be qualified to rent the BMR Unit and the Lease shall provide that the Lease term shall expire and the Tenant shall vacate the BMR Unit on or prior to sixty (60) days after delivery of a notice of ineligibility by the Developer or City to the Tenant.

• Upon expiration of the Lease term pursuant to the foregoing, if the Tenant has not vacated the BMR unit as required, the Developer property manager shall promptly take steps to evict the Ineligible Tenant and replace the BMR unit with an Eligible Tenant as soon as reasonably possible.

• If, at the time of recertification, for two consecutive years, a Tenant’s household income exceeds the eligibility requirements set forth in the Guidelines (“Ineligible Tenant”), the Ineligible Tenant shall no longer be qualified torent the BMR unit and the Lease shall provide that the Lease term shall expire and the Tenant shall vacate the BMR unit on or prior to sixty (60) days after delivery of a notice of ineligibility by the Developer property manager or City or City’s designee to the Tenant.

• Ineligible Tenant interview files will be kept at least three (3) years on file within the MMP offices.

• Upon expiration of the lLease term pursuant to the foregoing, if the tTenant has not vacated the BMR unit as required, the property manager shall promptly take steps to evict the Ineligible Tenant and replace the BMR unit with an Eeligible tTenant as soon as reasonably possible.