Maximum Monthly Rent definition

Maximum Monthly Rent means the monthly rent agreed to by the Owner and a Qualified Renter to rent a Rental Unit which shall not exceed thirty percent (30%) of the total monthly Income of the Qualified Renter at the time the Rental Unit is occupied by the Qualified Renter;
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Maximum Monthly Rent means the monthly rent agreed to by the Owner and a Qualified Renter to rent an Affordable Housing Unit which shall not exceed 30% of the total combined monthly gross household income of the Qualified Renter(s) at the time the Affordable Housing Unit is occupied by the Qualified Renter(s), except in the case of an Affordable Market Unit;
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Maximum Monthly Rent means the monthly rent agreed to by the Owner and a Qualified Renter to rent an Affordable Housing Unit which shall not exceed [XX percent (XX%)]30% of the total combined monthly gross household income of the Qualified Renter(s) at the time the Affordable Housing Unit is occupied by the Qualified Renter(s), except in the case of an Affordable HousingMarket Unit.;
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Examples of Maximum Monthly Rent in a sentence

  • BMR Rental Units currently being marketed may adjust their Maximum Household Income used for qualifying applicants, but not for establishing the Maximum Monthly Rent, as new Maximum Household Income levels are published by MOH at the beginning of each calendar year.

  • MOH shall require the completion of a standard form in order to request BMR Unit Maximum Monthly Rent levels.

  • The material terms of the lease shall not change from year to year but for the Maximum Monthly Rent level.

  • It is strictly forbidden to contact a child outside of the predefined framework of a project, for motives other than professional or through different means than predefined with children and within the project proposal.

  • Prior to marketing a BMR Unit for initial rental, the Project Sponsor shall transmit a copy of the Notice of Special Restrictions (“NSR”), final planning approval and approved floor plans indicating the location of the BMR Units in the building to MOH, together with a request for determination of initial Maximum Monthly Rent on a form provided by MOH.

  • Methodology for Establishing Maximum Monthly Rent Levels upon Re-rental of BMR Rental Units Rental rates for Qualified Renter Households shall not exceed the applicable amounts published in accordance with the provisions of Section II (C) of this Manual.

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  • Have you used human skin equivalent in pyo- derma gangrenosum at your institution where you obviously see a lot of patients with inflammatory bowel disease?Dr Hollier: Of all topics in surgery, one of the most chal- lenging to solve is chronic wounds.

  • Increases to the line item quantities and the addition of new line items have been incorporated into the new bid.

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More Definitions of Maximum Monthly Rent

Maximum Monthly Rent means an amount determined pursuant to 68 RCNY § 10-05 that the rent for a CityFHEPS unit can generally not exceed during the first year of CityFHEPS rental assistance, and from which the CityFHEPS rental assistance payment amount is calculated.
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Maximum Monthly Rent shall have the meaning stated be defined as set forth in Section 2.2 below.
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Maximum Monthly Rent means the monthly rent agreed to by the Owner and a Qualified Renter to rent an Affordable Housing Unit which shall not exceed the lesser of the current Province of BC Shelter Allowance rate for Regional Housing First Program (RHFP) designated units during the term of
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Related to Maximum Monthly Rent

  • Base Rent As defined in Section 3.1.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

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

  • Additional Rent means all sums of money, other than Base Rent, that shall become due from and payable by Tenant pursuant to this Lease.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Base Year means the period set forth in Section 5 of the Summary.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Rent Expense means, for any period, with respect to the Credit Parties and their Subsidiaries on a consolidated basis, all rent payable under Operating Leases, as determined in accordance with GAAP.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of the Sublease.