Common use of Rent Calculation Clause in Contracts

Rent Calculation. The Developer shall use the Maximum Monthly Rent to determine the rental amount for Affordable Dwelling Units in each lease year.

Appears in 2 contracts

Sources: Affordable Housing Agreement, Affordable Housing Agreement

Rent Calculation. The Developer shall use the Maximum Monthly Rent to determine the rental amount for Affordable Dwelling Workforce Housing Units in each lease year.

Appears in 1 contract

Sources: Affordable Housing Covenant

Rent Calculation. The Developer shall use the Maximum Monthly Rent for the current calendar year to determine the rental amount for Affordable Dwelling Units in each lease year.

Appears in 1 contract

Sources: Affordable Housing Agreement