Intermediate Rent means a rent which does not exceed 80% of the local Open Market Rent (inclusive of any service charges) for the relevant property type and in any event should not exceed the published Local Housing Allowance for the relevant property type and in the relevant rental market area allowing for any modifications to a level of allowance as published from time to time by the Government SAVE THAT the rent charged under all lettings may be increased annually by a proportion equivalent to an increase by the Index plus 1%24
Intermediate Rent means Affordable Housing available for private letting
Intermediate Rent means, in relation to each property size in each Broad Rental Market Area, a rent for the Financial Year which is no more than (a) the level which is based on the figure provided in the month of November immediately prior to the commencement of the Financial Year by the Scottish Ministers as being the fiftieth percentile point of market rent levels for the property size in question in that Broad Rental Market Area, based on the data collated in respect of the previous year or (b) any other such rental level as may be considered reasonable for the property size in question in that Broad Rental Market Area which is higher than (a), provided such higher level has previously been agreed by the Scottish Ministers and the Local Authority in writing;
Examples of Intermediate Rent in a sentence
The Council seeks to ensure Intermediate Rent housing is let and managed by an RSL.
Grant funded Intermediate Rent has to be set at no more than 80 per cent of the market rate.
Intermediate Rent may not be delivered by the AHP 2011- 15 unless it is through Mortgage Rescue or pre-existing commitments from the National Affordable Housing Programme.
These can include Shared Ownership, equity loan products, Rent to Buy and Intermediate Rent.
The costs, including service charges for all intermediate rented products (including London Living Rent, Discounted Market Rent, Affordable Private Rent and Intermediate Rent) should be affordable to households on incomes of £60,000 or less.
More Definitions of Intermediate Rent
Intermediate Rent means the rent payable in respect of a periodic or fixed term assured shorthold tenancy where the rent—
Intermediate Rent means accommodation made
Intermediate Rent means intermediate housing as defined in Annex 2 but limited to homes for rent and excluding homes for sale
Intermediate Rent means a rent capped at the Local Housing Allowance rates (applicable to the Dwelling’s postcode and house size) unless it is demonstrated to the Proper Officer that 80% of the Open Market Rent of the property is lower Intermediate Rent Dwelling means an Affordable Dwelling to be let in accordance with this Part E at a rent not exceeding the Intermediate Rent Letting Notice means a written notice which contains details of the property to be let and which shall include unless otherwise agreed with the District Council: the name and address of the landlord and Owner; address of the property; weekly or monthly rent amount and breakdown of any service charge per week, month or annum; details of any additional charges; any age or other occupancy restrictions; property type; property size; heating type; details of mains services in the property; availability of parking space/garage; any disabled adaptations; provision of any support services; and which is delivered to the District Council, clearly addressed and marked for the urgent attention of the Proper Officer Local Connection means a household with a local connection to the parish of [ ], Adjoining Rural Parishes, the District or the County (as appropriate) as follows: at least one adult in the household was resident continuously in the qualifying area for a minimum of five years immediately prior to Occupation; or at least one adult of the household was resident in the qualifying area for five years within the previous ten years immediately prior to Occupation; or at least one parent, guardian, child or sibling of at least one adult in the household, has been resident in the qualifying area for a minimum of five years immediately prior to Occupation; or at least one adult in the household has been in continuous employment for at least 16 hours a week in the qualifying area for at least five years immediately prior to Occupation.
Intermediate Rent means weekly rent charges set in accordance with the Council’s Intermediate Rent Tenancy Policy from time to time (the Council’s policy at the date hereof being the policy dated January 2017) at no greater than thirty per cent (30%) of the lowest figure in each of the following gross household income bands. Thus by way of example based on the figures in the January 2017 policy, should a gross household income fall with Band 2, the weekly rent will be charged at no greater than 30% of £31,000:
Intermediate Rent means, in relation to each property size in each Broad Rental Market Area, a rent for the Period which is no more than (a) the level which is based on the figure provided in the month of January immediately prior to the commencement of the Period by Rent Service Scotland as being the fiftieth percentile point of market rent levels for the property size in question in that Broad Rental Market Area, based on the data collated in respect of the previous year or (b) any other such rental level as may be considered reasonable for the property size in question in that Broad Rental Market Area which is higher than (a), provided such higher level has previously been agreed by the Guarantor and the Local Authority in writing;
Intermediate Rent means housing at a rent above the level charged for Social Rented Housing but below Open Market rents. In Herefordshire the Intermediate Rent is set at a maximum of 80% of the Herefordshire Local Housing Allowance."