Common use of Rent Reasonableness Clause in Contracts

Rent Reasonableness. In accordance with 24 CFR 982.507, the rent that Landlord charges for the Unit must be reasonable in relation to rents currently being charged for comparable units and must not be in excess of rents currently being charged by the Landlord for comparable units that are not receiving federal rental assistance.

Appears in 2 contracts

Sources: Lease Addendum, Rental Assistance Payment Contract

Rent Reasonableness. In accordance with 24 CFR 982.507578.51, the rent that Landlord charges for the Unit must be reasonable in relation to rents currently being charged for comparable units unassisted units, taking into account the location, size, type, quality, amenities, facilities, and management and maintenance of each unit. Reasonable rent must not be in excess of exceed rents currently being charged by the Landlord same owner for comparable units that are not receiving federal rental assistanceunassisted unit.

Appears in 2 contracts

Sources: Rental Assistance Payment Contract, Rental Assistance Payment Contract

Rent Reasonableness. In accordance with 24 CFR 982.507, the rent that Landlord charges for the Unit must be reasonable in relation to rents currently being charged for comparable units and must not be in excess of rents currently being charged by the Landlord for comparable units that are not receiving federal Federal rental assistance.

Appears in 1 contract

Sources: Rental Assistance Payment Contract