Common use of Increases in Income Clause in Contracts

Increases in Income. If Tenant’s Household Income increases above the Initial Qualifying Household Income, but is below the maximum allowable income limit at recertification, Tenant shall still be entitled to reside in the Unit and pay no more than the Maximum Rent, provided that Tenant and Household continue to comply with the applicable provisions of the Lease and Rider. If a tenant’s income increases above the limit at recertification on a property that requires annual recertifications, the tenant may be converted to market rate rent.

Increases in Income. If Tenant’s Household Income household income increases above the Initial Qualifying Household Income, Income but is below the maximum allowable income limit at recertification, Tenant shall still be entitled to reside in the Unit unit and pay no more than the Maximum Rent, provided that Tenant and Household continue to comply with the applicable provisions of the Lease and Rider. If a tenant’s income increases above the limit at recertification on for a property that requires annual recertifications, the tenant may be converted to market rate rent.