Common use of Rental Procedures Clause in Contracts

Rental Procedures. a. The Owner shall maintain and select new tenants for vacant For-Rent Owner Affordable Housing Units from a waiting list for occupancy of For-Rent Owner Affordable Housing Units in each Residential Project based on the order listed on the Potential Tenant List. b. A Certificate Holder, San Francisco Resident or San Francisco Worker on such waiting list shall no longer be entitled to maintain the individual’s/household’s priority position on the waiting list upon occurrence of any of the following: 1) The individual/household is offered a For-Rent Owner Affordable Housing Unit which the individual/household is eligible to occupy (based on income and Household Size), and the individual/household does not rent such Residential Unit; 2) The income of the individual/household is too high for that individual/household to qualify for any For-Rent Affordable Housing Unit available in the particular Residential Project; or 3) The individual/household fails to satisfy the Owner’s tenant selection criteria applicable to the particular Residential Units consistent with all applicable local, state and federal fair housing laws.

Appears in 2 contracts

Sources: Mission Bay South Owner Participation Agreement, Mission Bay South Owner Participation Agreement