Minimum Occupancy definition

Minimum Occupancy means 85% of units at the Mortgaged Property with leases that comply with Section 5.11, Section 6.09(e)(v)(E), and Section 6.15.
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Minimum Occupancy means the minimum percentage of occupancy set forth on the Schedule of Financial Terms.
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Minimum Occupancy shall have the meaning set forth in Section 8.19 hereof. ABond(s)@ shall have the meaning set forth for such term in Section 8.05 hereof. ABond Ordinance@ shall mean the City ordinance authorizing the issuance of Bonds. ACertificate@ shall mean the Certificate of Completion of Rehabilitation described in
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Examples of Minimum Occupancy in a sentence

  • A Minimum Occupancy Charge must be factored into the Rental Assistance calculation.

  • Source: Internet, www.deloitte.com, 5th February 2013.agreement, partnership’s status and terms and conditions of good practices of the general partner are made available to the investors before making final investment decisions.

  • Minimum Occupancy RequirementsStudio or 1-bedroom: One or two adults2-bedroom: One or two adults with at least one dependent 3-bedroom: One or two adults with at least two dependents4-bedroom: One or two adults with at least three dependents 2.

  • The minimum occupancy standards will apply to them if they move to a new unit.E. Implementing New Minimum Occupancy Standards, December 2015In December 2015 SHA adopted the amended subsidy standards outlined in Section A above to ensure consistency across all SHA programs.

  • WiFi: Yes Phone Service: Yes Kitchen facilities: Yes Laundry facilities: Yes OCCUPANCY REQUIREMENTS FOR PROVIDED HOUSING Minimum Occupancy Per Room: 1 Maximum Occupancy Per Room: 4 Suggested Occupancy Per Room: 1-4 Rooming Arrangement Description: You can request to live with your friends but not guaranteed.

  • Minimum Occupancy Requirements for Project-Based Properties EHA shall make payments to owners based on assumed minimum occupancy for project-based units, using the Subsidy Standards outlined in Chapter 6 of this Administrative Plan.

  • There are no Minimum Occupancy Requirements for units in the Workforce Housing Program.

  • Thereafter, the minimum occupancy percentage shall increase as indicted in the following table, up to a maximum of seventy-five percent (75%).Cost ReportPeriodRatePeriod% OccupancySFY 2022SFY 202360%SFY 2023SFY 202465%SFY 2024SFY 202570%SFY 2025SFY 202670%SFY 2026SFY 202775%& after& afterResident days at the minimum occupancy level are calculated as: Total Licensed Beds x Number of Days in the Period x Minimum Occupancy Percentage.

  • The payment standard amount for the actual number of bedrooms for the unit rented by the family.2. Utility Estimate: The utility estimate used to calculate the gross rent is based on the lower of the family’s voucher size, or the unit size.D. Implementing New Minimum Occupancy Standards, August 2005**In June 2005 SHA adopted the minimum occupancy standards outlined in Section A above.

  • Capabilities Statements should include relevant experience, relevant experience are projects that are similar to the described requirements that have occurred in the past 5 years.

Related to Minimum Occupancy

  • Single Room Occupancy or “SRO” means housing consisting of single room dwelling units that is the primary residence of its occupant or occupants. An SRO does not include facilities for students.

  • Transient occupancy means occupancy in transient lodging that has all of the following

  • Prior Occupancy means Owner’s use of all or parts of the Project before Substantial Completion, as more fully set forth in Section 6.08 A.

  • Child-occupied facility means a building or portion of a building constructed prior to 1978, visited regularly by the same child, age six years or younger on at least two different days within any week (Sunday through Saturday period), provided that each day’s visit lasts at least three hours and the combined weekly visit lasts at least six hours, and the combined annual visits last at least 60 hours. Child-occupied facilities may include, but are not limited to, day-care centers, preschools and kindergarten classrooms.

  • Certificate of Occupancy means a certificate of occupancy, governmental sign-off or other document, permit or approval (whether conditional, unconditional, temporary or permanent) which must be obtained by Landlord from the appropriate governmental authority as a condition to the lawful initial occupancy by Tenant of the Expansion Space that is the subject of the Work.

  • bicycle parking space – occupant means an area that is equipped with a bicycle rack or locker for the purpose of parking and securing bicycles, and:

  • Owner-occupied means property that is the principal

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Occupancy Date means the date on which occupancy of all Units in a Project is permitted;

  • Ready for Occupancy means the date upon which (i) the Leased Premises are available for Tenant's occupancy in a broom clean condition and (ii) the improvements, if any, to be made to the Leased Premises by Landlord as a condition to Tenant's obligation to accept possession of the Leased Premises have been substantially completed and the appropriate governmental building department (i.e., the City building department, if the Property is located within a City, or otherwise the County building department) shall have approved the construction of such improvements as substantially complete or is willing to so approve the construction of the improvements as substantially complete subject only to compliance with specified conditions which are the responsibility of Tenant to satisfy or is willing to allow Tenant to occupy subject to its receiving assurances that specified work will be completed.

  • Permitted Occupier means if used in the Agreement, any person who is licensed or permitted by the Landlord to reside at the Property together with the Tenant and who does so as a rent free licensee of the Tenant.

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • Date of occurrence in these Regulations means the date of contract signing, date of payment, dates of boards of directors resolutions, or other date that can confirm the counterparty and monetary amount of the transaction, whichever date is earlier.

  • Occupancy means the use or intended use of a building or part thereof for the shelter or support of persons, animals or property.

  • Occupancy Rate means, for any Property, the percentage of the rentable area of such Property occupied by bona fide tenants of such Property or leased by tenants pursuant to bona fide tenant Leases, in each case, which tenants are not more than 60 days past due in the payment of all rent or other similar payments due under such Leases and paying rent.

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • Tenant’s Work means all improvements, alterations, fixture, equipment, and signage installation, and furniture placement necessary or appropriate for the conduct of the Permitted Use, including all work described as Tenant’s Work on Exhibit D, attached (the “Work Letter”).

  • Sign area means the entire area of a sign face;

  • Tenant Improvements Defined in Exhibit B, if any.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Tenant Improvement Work means the construction of the Tenant Improvements, together with any related work (including demolition) that is necessary to construct the Tenant Improvements.

  • Unoccupied means the dwelling is not being inhabited as a residence.

  • Square Footage means the total gross horizontal areas of all floors, including usable basement and cellars, below the roof and within the outer surface of the main walls of buildings (or the center lines of party walls separating such buildings or portions thereof) or within lines drawn parallel to and two feet within the roof line of any building or portion thereof without walls (which includes, notwithstanding paragraph 3 below, the square footage of all porches), and including pedestrian access walkways or corridors, but excluding the following:

  • Minimum Improvements means the acquisition of land and construction of a 64-unit market rate residential apartment building and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.