Qualified Unit definition

Qualified Unit means a residential unit in the Project designated for occupancy by Qualified Tenants.

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Qualified Unit means a rent-restricted unit that is occupied by individuals

Qualified Unit means a Qualified Unit as defined in the Operating Agreement.

Examples of Qualified Unit in a sentence

• The Qualified Tenant, however, shall receive any amounts in excess of the CROWN Equity attributable to the appreciation in the value of the Qualified Unit from the time of the Initial Sale to the time of the Subsequent Sale (the “Appreciation Equity”).

• A Qualified Unit shall be sold to a Qualified Tenant for an amount equal to $[AMOUNT] above the amount determined in accordance with Section 42(i)(7) of the Code, as described under the right of first refusal.

• The fair market value of a Qualified Unit is its appraised value based on an appraisal made by a licensed appraiser, selected by the Authority, who is a member of the Master Appraiser Institute and who has experience in the geographic area in which the Project is located.

• Qualified Unit Members shall be given first consideration for the vacancy.

• In the event neither the Owner nor Qualified Tenant elects to exercise its respective rights outlined in this Section 7 upon the expiration of the Qualified Project Period, the Authority shall have the option to purchasing any Qualified Unit for an amount determined in accordance with Section 42(h)(6)(F) of the Code.

More Definitions of Qualified Unit

Qualified Unit means those Units occupied by Qualified Persons at a Qualified Rent; and

Qualified Unit. A residential rental unit in a Qualified Project that is Income Restricted and Rent Restricted

Qualified Unit means each Strap or Tag for which full payment has been timely received by Alien from non-Alien-affiliated customers other than the U.S. Government or other participants in the Early Customer Incentive Program (ECIP).

Qualified Unit means a residential rental unit that is Income Restricted and Rent Restricted

Qualified Unit means a residential unit in the Project occupied by or held available for occupancy by Qualifying Unit Tenants.

Qualified Unit means a residential Unit (as defined herein) in the Project occupied by or held available for occupancy by Qualifying Tenants (as defined herein).

Qualified Unit means an unfinished, owner-occupied residential