Market Rental Units definition

Market Rental Units means the 107 residential units that are not Optional Inclusionary Units and “Market Rental Unit” means any such residential unit;
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Market Rental Units means the 52 residential units within the Development that are not Non-Market Units and “Market Rental Unit” means any such residential unit;
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Market Rental Units has the same meaning as in the lease between the City of Toronto and the Tenant;
Sample 1

Examples of Market Rental Units in a sentence

  • Market Rental Units – The monthly rental rates for Below- Market Rental Units must not exceed 90% of the applicable Market Rental Rate.

  • Boxes will be made of new lumber and new plywood and will be well manufactured and free from imperfections which may affect their utility.

  • This Agreement will cease to apply from and after the tenth (10th) anniversary of the date the City of Xxxxxxxx grants an occupancy permit for the Below- Market Rental Units.

  • This Agreement will automatically tenninate at the end ofthe Term and the City will execute in registrable form and deliver to the Owner for filing in the applicable land title office, a discharge ofthis Agreement and the Notice from title to the Market Rental Units at such time.

  • Zoning Amendment Bylaw No. 7651, 2014 [A Bylaw to Rezone 300 Salter Street in the Port Royal Development to Allow 174 Strata Titled Apartment Units and 91 Secured Market Rental Units in Three Buildings each Four Storeys in Height]‌THIRD READING 11b.

  • The procedures for the lease of Below Market Rental Units to individuals shall be the same as those set forth in Section 13.5(b) and 13.5(c), including offers to members of the general public who meet the income criteria if no lease is made to a person on the Housing Priority List.

  • A separate priority list with respect to the Below Market Rental Units, having categories equivalent to the Housing Priority List, shall be created, managed and maintained by the Master Developer, except that only individuals satisfying certain income restrictions, as reasonably agreed by Landlord and Tenant consistent with the EIS, shall be listed on such priority list.

  • The Owner will keep accurate records pertaining to the use and occupancy ofthe Market Rental Units as necessary to reasonably demonstrate compliance by the Owner with the requirements of this Agreement, such records to be to the satisfaction of the City, acting reasonably.

  • J:\12243-002\Housing Agreement.V.6.docxPage 4 of 10 pages The tenn (the "Term") of this Agreement will commence on the Commencement Date and will end on the date that is twenty (20) years from the date when an Occupancy Pe1mit is issued for the originally constructed Market Rental Units.


More Definitions of Market Rental Units

Market Rental Units means Dwelling Units that are rented to tenants for market rental rates as set by the Owner;
Sample 1
Market Rental Units means all Dwelling Units in the Residential Building other than the Mid-Market Rental Units;
Sample 1
Market Rental Units means those rental units in the Building that are to be rented by the Tenant at market rents;
Sample 1

Related to Market Rental Units

  • Rental Unit means a structure or part of a structure used as a home, residence, or sleeping unit by a single person or household unit, or any grounds, or other facilities or area promised for the use of a residential tenant and includes, but without limitation, apartment units, boarding houses, rooming houses, mobile home spaces, and single and 2-family dwellings.

  • Net Rentable Area means, with respect to any Real Estate, the floor area of any buildings, structures or other improvements available for leasing to tenants determined in accordance with the Rent Roll for such Real Estate, the manner of such determination to be reasonably consistent for all Real Estate of the same type unless otherwise approved by the Administrative Agent.

  • Initial assessed value means the assessed value, as equalized, of all the taxable property within the boundaries of the development area at the time the resolution establishing the tax increment financing plan is approved as shown by the most recent assessment roll of the municipality for which equalization has been completed at the time the resolution is adopted. Property exempt from taxation at the time of the determination of the initial assessed value shall be included as zero. For the purpose of determining initial assessed value, property for which a specific local tax is paid in lieu of a property tax shall not be considered property that is exempt from taxation. The initial assessed value of property for which a specific tax was paid in lieu of a property tax shall be determined as provided in subdivision (w).