Rental Units definition

Rental Units means the number of units for rent adjusted for the number of student tenants renting individual rooms inside a suite. For example, a 5-bedroom student unit would be 1 Rental Suite but is 5 Rental Units as there may be 5 separate leases, each pertaining to a bedroom unit. This distinction only applies to properties classified as Student Residences. Thus, an apartment that had a 2-bedroom suite that had roommates sharing an apartment, and where the building is not classified as a Student Residence, would be 1 Rental Suite and 1 Rent Unit only. There is no distinction between individual leases on bedrooms and multi-tenant leases with all residents in the suite on a single lease (the two forms of lease in the student rental business)

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Rental Units shall have the meaning set forth in Section 3(a) hereof.

Rental Units means any dwelling units as defined in California Civil Code section 1940, subsection (c), including joint living and work quarters, located in the City and used or occupied in consideration of payment of Rent. This definition applies to any dwelling space that is actually used for residential purposes, whether or not the residential use is legally permitted, including live- work spaces, mobile homes rented by the owner of a mobile home to a Tenant, and accessory dwelling units. For purposes of compliance with this chapter, Rental Unit does not mean any dwelling unit in which the Landlord or any member of his/her immediate family occupies one of the dwelling units on the property containing the Rental Unit and it is necessary for the Landlord or any

Examples of Rental Units in a sentence

• The Developer, or the Developer’s agent, is solely responsible for all management related to the lease of Affordable Rental Units, including, but not limited to, verification, certification, and recertification of the eligibility of a potential lessee as a Qualified Resident prior to occupancy; collection of rents, security deposits, evictions, maintenance, landscaping, routine and emergency repairs.

• For the purposes of this Agreement, the terms listed below shall have the meaning specified: Affordable Rental Units shall have the same meaning as set forth in Section 4-2-2 of the Littleton Municipal Code.

• Affordable Rental Units shall not be leased for less than thirty (30) consecutive days.

• The Developer shall lease the Affordable Rental Units at a maximum rental rate set no higher than a price affordable to households earning at or below sixty percent (60%) of area median income (“AMI”).

More Definitions of Rental Units

Rental Units means housing units offered for lease or rent.

Rental Units means any dwelling units as defined in California Civil Code section 1940, subsection (c), including joint living and work quarters, located in the City and used or occupied in consideration of payment of Rent. This definition applies to any dwelling space that is actually used for residential purposes, whether or not the residential use is legally permitted, including live- work spaces, mobile homes rented by the owner of a mobile home to a Tenant, and accessory dwelling units. For purposes of compliance with this chapter,

Rental Units has the meaning assigned to it in clause (h) of the definition of “Eligible Floor Plan Equipment”.

Rental Units means any dwelling unit, housekeeping room, or guest room as defined in the Seattle Housing Code (Chapter 22.204 of the Seattle Municipal Code) which has been occupied by tenants pursuant to rental agreements, oral or written, express or implied.

Rental Units means the Market Rental Units and the Mid-Market Rental Units;

Rental Units has the meaning ascribed thereto in Recital B;

Rental Units means and refer to any living unit within a building or attached group of buildings containing two or more living units designed and operated primarily for rental purposes. However, if at a later time such units shall be sold and shall no longer be operated for rental purposes, the same shall thereafter be known as a "Private Dwelling Unit". Similarly, any Private Dwelling Unit which is later operated for rental purposes shall thereupon be known as a "Rental Unit."