Rent reasonableness definition

Rent reasonableness means that the total rent charged for a unit must be reasonable in relation to the rents being charged during the same time period for comparable units in the private unassisted market and must not be in excess of rents being charged by the owner during the same time period for comparable non-luxury unassisted units.
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Rent reasonableness generally means comparing the rent of one unit to comparable units based on unit characteristics. By contrast, the FMR is meant to be the 40th percentile rent of the distribution of all units.
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Rent reasonableness. In accordance with 24 CFR 578.49(b), the rent that Landlord charges for the Unit must be reasonable in relation to rents currently being charged for comparable units and must not be in excess of rents currently being charged by the Landlord for comparable units that are not receiving federal rental assistance.
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Examples of Rent reasonableness in a sentence

  • The Contractor will conduct market analyses on behalf of developers for the Authority’s various affordable housing programs, including Direct Lending, Low Income Housing Tax Credit Modified Pass-Through and multiple Preservation programs, as well as to provide Rent Reasonableness Tests as needed.

  • Grantees must document rent reasonableness using the Rent Reasonableness Worksheet and attach all applicable backup documentation.

  • The standards of the host PHA’s Payment Standards, Utility Allowances, Rent Reasonableness Standards, and HQS will apply.

  • MOA rules regarding Payment Standards, Utility Allowances, Rent Reasonableness Standards, and Housing Quality Standards (HQS) shall remain unchanged when applied to the use of Project Based Vouchers for Housing Choice Voucher recipients and/or for Special Purpose program voucher recipients in the host PHA’s jurisdiction.

  • It is hereby agreed that whenever a Voucher issued by an Issuing PHA is to be used in another PHA's jurisdiction, the standards of the Host PHA's Payment Standards, Utility Allowances, Rent Reasonableness Standards, and Housing Quality Standards will apply.

  • As a user of the XxxxxxxxxxXxxxxxx.xxx Rent Reasonableness system, the Grantee and Key Person named in Section I, accept and agree to the following: 1.

  • All requested contract rents shall be subject to a Rent Reasonableness Statement from CDO prior to approval and shall not exceed the annual HUD established Fair Market Rents for Monroe County by more than 10%.

  • The eExceptions to this general rule ar e found i n th e Se ction s de scribin g include the following: Payment Standards, Utility Allowances, Rent Reasonableness Standards, and Housing Quality Standards,·as referenced in Section Ill, Paragraphs B., C., and D., respectively, and found below.

  • Rent Reasonableness Worksheet Excel Utility Allowances Schedule PDF.

  • Core Housing and Eligibility Disability Verification Rent Reasonableness 3.


More Definitions of Rent reasonableness

Rent reasonableness means that the total rent charged for a unit must be reasonable in relation to the rents being charged for comparable units in the private unassisted market during the same time period. A Contractor must determine and document rent reasonableness for all units for which CHG assistance (including arrears) is provided. This requirement applies when participants are moving into units and when there is a current lease in place.
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Rent reasonableness means that the maximum contract rent for
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Rent reasonableness means that the total rent charged for a unit must be reasonable in relation to other rents being charged during the same time period for comparable units in the private unassisted market.
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Rent reasonableness means that the total rent charged for a unit must be reasonable in relation to the rents being charged for comparable units in the private unassisted market during the same time period. A Lead/Sub Grantee must determine and document rent reasonableness for all units
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Related to Rent reasonableness

  • Estimates means annual estimates or supplementary estimates;

  • Estimate means to be based on technical evaluation of the sources contributing to the discharge including, but not limited to, pump capabilities, water meters, and batch discharge volumes.

  • Architect means the person or other entity engaged by the PHA to perform architectural, engineering, design, and other services related to the work as provided for in the contract. When a PHA uses an engineer to act in this capacity, the terms “architect” and “engineer” shall be synonymous. The Architect shall serve as a technical representative of the Contracting Officer. The Architect’s authority is as set forth elsewhere in this contract.

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.

  • Construction means any physical change or change in the method of operation (including fabrication, erection, installation, demolition, or modification of an emissions unit) which would result in a change in actual emissions.

  • Responsive Offer or means an offer which conforms in all material respects to the requirements set forth in the request for proposals. Material respects of a request for proposals include, but are not limited to price, quality, quantity or delivery requirements.

  • Encounter means a record of a medically-related service rendered by an AHCCCS-registered provider to a member enrolled with a contractor on the date of service.

  • trade premises means any premises used or intended to be used for carrying on any trade or industry;

  • Architects means any Architect whom the Vendors and the Builder have appointed as the Architects for the Project / Buildings time to time.

  • Standard Amendment Coversheet refers to the form used by the Judicial Council to amend agreements with other parties. Several originally signed, fully executed versions of a Standard Amendment, together with the integrated Contract Documents, shall each represent an Amendment as an individual contract counterpart.

  • Suitability means suitable office, post or position or suitable employment as defined by section 94(6) of the Public Sector Management Act 1994 as read with regulation 7 of the Public Sector Management (Redeployment and Redundancy) Regulations 2014.

  • Land disturbing construction activity means any man-made alteration of the land surface resulting in a change in the topography or existing vegetative or non-vegetative soil cover, that may result in runoff and lead to an increase in soil erosion and movement of sediment into waters of the state. Land disturbing construction activity includes clearing and grubbing, demolition, excavating, pit trench dewatering, filling and grading activities.

  • 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.

  • Urgent Work means any urgent measures which in the opinion of Engineer-in-charge become necessary during the progress of the work to obviate any risk of accident or failure or disruption of generation which become necessary for security.

  • Construction Start Date means the later to occur of the date on which Seller delivers to Buyer (a) a copy of the Notice to Proceed that Seller has delivered to the EPC Contractor for the Project, and (b) a written Certification substantially in the form attached hereto as Appendix IV-1.

  • Operating pressure means the pressure at which the parts of an irrigation system are designed by the manufacturer to operate.

  • the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract.

  • Construction activity means any clearing, grading or excavation associated with large construction activity or associated with small construction activity.

  • Construction waste means solid waste which is produced or generated during construction, remodeling, or repair of pavements, houses, commercial buildings, and other structures. Construction wastes include, but are not limited to lumber, wire, sheetrock, broken brick, shingles, glass, pipes, concrete, paving materials, and metal and plastics if the metal or plastics are a part of the materials of construction or empty containers for such materials. Paints, coatings, solvents, asbestos, any liquid, compressed gases or semi-liquids and garbage are not construction wastes.

  • Program area means a general group of disciplines in which one or more degree programs,