Rent Decreases Sample Clauses

Rent Decreases. The Landlord shall process rent decreases so that the lowered rent becomes effective on the first day of the month after the Tenant reports the change in household circumstances.
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Rent Decreases. Landlord shall process rent decreases so that the lowered rent amount becomes effective on the first day of the month after Tenant reports the change in household circumstances. This rent change may be made retroactive to the appropriate date if less than five (5) working days have been given to Landlord to process this change.
Sample 1
Rent Decreases. The HAP shall process rent decreases so that the lowered rent amount becomes effective on the first day of the month after the Resident reports the change in household circumstances. This rent change may be made retroactive to the appropriate date if less than five (5) working days have been given to the HAP to process this change.
Sample 1
Rent Decreases. The Authority shall process rent decreases so that the lowered rent amount becomes effective on the first day of the month after the Resident reports the change in household circumstances. However, no changes in rent shall be made from the 25th day of the month to the 1st day of the following month.
Sample 1
Rent Decreases. Any change in a resident’s income must be reported to FMHA in writing within 10 days of the change. The rent change decrease will take effect on the 1st day of the following month, after verifications are received.
Sample 1
Rent Decreases. 1) This clause applies if the Premises —
Sample 1
Rent Decreases. The adjustment in rent will be effective the first day of the month following the date that the City approves of the change. If Tenant fails to report the change within ten (10) days, rent decrease will be the 1st day of the month after the month in which the change was reported. Changes reported after the 20th of the month will result in the rent decrease becoming effective the first day of the second month immediately following the month in which the change was reported. (e.g. a change reported on January 25th will result in a rent decrease effective March 1st.) A Tenant who has been granted reduction in rent under this provision may be required to report monthly on the situation until the circumstances cease or until time for the regularly scheduled re-examination, whichever occurs first. The following apply to changes in rent:
Sample 1
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Related to Rent Decreases

  • Base Rent Purchaser will receive a credit at Closing for the prorated amount of all base or fixed rent payable pursuant to the Leases and all Additional Rents (collectively, “Rent”) previously paid to, or collected by, Seller and attributable to any period following the Closing Date. Rents are “Delinquent” when they were due prior to the Closing Date, and payment thereof has not been made on or before the Closing Date. Delinquent Rent shall not be prorated at Closing. All Rent collected by Purchaser or Seller from each tenant from and after Closing will be applied as follows: (i) first, to Delinquent Rent owed for the month in which the Closing Date occurs (the “Closing Month”), (ii) second, to any accrued Rents owing to Purchaser, and (iii) third, to Delinquent Rents owing to Seller for the period prior to Closing. Any Rent collected by Purchaser and due Seller will be promptly remitted to Seller. Any Rent collected by Seller and due Purchaser shall be promptly remitted to Purchaser. Purchaser shall use reasonable efforts to collect Delinquent Rents owed to Seller in the ordinary course of its business; provided, however, that Seller hereby retains the right to pursue any tenant under the Leases for any Rent and other sums due Seller for period attributable to Seller’s ownership of the Property; and provided further, however, Seller (i) shall be required to notify Purchaser in writing of Seller’s intention to commence or pursue any legal proceedings; and (ii) shall not be permitted to commence or pursue any legal proceedings against any tenant seeking eviction of such tenant or the termination of the underlying Lease. “Additional Rents” shall mean any and all amounts due from tenants for operating expenses, common area maintenance charges, taxes, shared utility charges, management fees, insurance costs, other comparable expenses and pass-through charges and any other tenant charges. The provisions of this Section 14.5 shall survive the Closing and the delivery of any conveyance documentation.

  • Price Decreases The following price decrease terms will apply to the Contract:

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