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)

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

• Section 5.01 The Owner will keep accurate records pertaining to the use and occupancy of the Rental Component, including but not limited to: 1) rent rolls that detail the specific monthly rent received for each of the Non-Market Rental Units; and 2) detailed tenant files which include evidence that tenants of Non-Market Rental Units meet the eligibility criteria for Non-Market Rental Units, such records to be to the satisfaction of the City.

• Following occupancy of the building, the Owner must provide the City with a statutory declaration in the form attached hereto as Schedule A-1 on the first business day of January each year, that declares that the Permitted Rent of the Affordable Rental Units and the Income Thresholds of the Income Tested Tenants who hold Tenancy Agreements for the Affordable Rental Units all meet the requirements found within this Housing Agreement.

• While staff would prefer a greater number of below-market units as originally proposed, below-market units are not required for this project under the Inclusionary Zoning – Affordable Rental Units Policy.

• The Owner covenants with the City that the Owner will not sell or transfer, or agree to sell or transfer, any interest in any building on the Lands containing an Affordable Rental Unit other than a full interest in the title to all Dwellings Units, and to a person that will continue to ensure that all Affordable Rental Units are available for rental in accordance with this Agreement.

• Inclusionary Zoning – Affordable Rental Units Policy As 100% of the units will be rental units the Policy does not apply.

More Definitions of Rental Units

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

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 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. This project has rental units. There are HOME assisted units, of which will be High HOME assisted units and will be a Low HOME assisted unit. The HOME assisted units must meet the following criteria: High HOME Rent for an assisted one bedroom unit is $1,258.00 Low HOME Rent for an assisted one bedroom is $993.00 Virtually all HOME assisted rental units will be occupied by tenants with annual incomes sixty percent (60%) of median or less in order to meet the overall funds targeting requirements described above. On an annual basis, HCD shall provide Developer with the most recent determination of the ceilings as outlined on the previous page, as well as the most recent utility allowances to be used (based on the utility allowance used by the Housing Authority of the County of Salt Lake). Initial rents (including utility allowances) for each HOME assisted unit shall be set using the HCD-provided ceiling at the time of the initial occupancy of each matching HOME assisted unit by a new household. Rents for HOME assisted units shall be increased no more than once annually and annual rent increases shall be calculated by Developer and HCD based on the change in permissible rents published annually by HUD. At least sixty (60) calendar days prior to increasing rents on any HOME assisted unit, Developer shall submit to HCD for review and approval a written request for each increase, which HCD shall approve if the increased rent will comply with the requirements of HUD. Households occupying HOME assisted units shall be given at least thirty

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."

Rental Units means housing units offered for lease or rent.

Rental Units means one or more rooms in a building, or a portion of a room, designed or intended to be used, or actually used, for occupancy by a person or persons for living and sleeping quarters and containing one kitchen only; excluding hotel and motel units.