Common use of GROSS-RENT PROVISIONS Clause in Contracts

GROSS-RENT PROVISIONS. The maximum monthly rent (which includes the tenant paid portion of the rent, the Utility Allowance, and rental assistance payment) charged by Owner for zero (0) Qualifying Units occupied by Extremely Low Income Households must be set at levels that are affordable to Low-Moderate-Income Households and shall not exceed the thirty percent (30%) maximum rent limits determined by HUD and published on an annual basis with adjustment for family size.

Appears in 6 contracts

Samples: Glo Contract, Glo Contract, Glo Contract

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