Unit Transfers Clause Samples
The Unit Transfers clause governs the conditions and procedures under which ownership interests or units in an entity may be transferred from one party to another. Typically, this clause outlines requirements such as obtaining prior approval from other members, complying with right of first refusal provisions, or meeting eligibility criteria for transferees. Its core practical function is to control and manage changes in ownership, thereby protecting the interests of existing members and maintaining stability within the entity.
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Unit Transfers. No Member shall, during the term of this Agreement, Transfer any of the Units now owned or hereafter acquired by it, except in compliance with the provisions this Agreement. The Company will not cause or permit the Transfer of its Units to be made on its register or other books unless the Transfer is permitted or required by the provisions hereof, and will not issue any Units or other equity interests whether by original issue, in connection with the sale of any outstanding equity interests of Company or in connection with any Transfer, except in accordance with the terms hereof. All Transfers of a Member’s Units shall be subject to the limitations on transferability set forth in Article VII. A notice reflecting the substance of such restrictions shall be entered in Schedule A.
Unit Transfers. Except as otherwise specifically provided in this Agreement, the person in whose name Units stand on the books of Company shall be deemed by Company to be the owner thereof for all purposes. Exhibit A shall be revised to reflect the permitted transfer of any Units.
Unit Transfers a. The tenant may make a written request to transfer to another dwelling unit for the following reasons:
i. The family size has increased causing overcrowding in the current unit.
ii. Transfer is needed to alleviate a disability (Reasonable Accommodation procedures will apply).
iii. To alleviate a serious or life threatening medical condition.
iv. Due to threat of physical harm or criminal activity.
v. In accordance with the VAWA Addendum and the DMMHA Emergency Transfer Plan, attached hereto and set forth in the DMMHA ACO Plan, if the tenant reasonably believes that there is a threat of imminent harm from further domestic violence, dating violence, sexual assault, or stalking if the tenant remains within the same dwelling unit, or in the case of sexual assault, the tenant reasonably believes that there is a threat of imminent harm from further such violence if the tenant remains within the same dwelling unit that the tenant is currently occupying, or the sexual assault occurred on the premise during the 90-day period preceding the date of the request for transfer.
b. The DMMHA may initiate unit transfers for the following reasons:
i. To conform with occupancy standards as stated in the Admissions and Continued Occupancy Plan.
ii. If the tenant’s current unit is deemed uninhabitable by the Maintenance Supervisor.
▇▇▇. ▇▇ comply with the DMMHA’s HUD approved disposition application.
iv. Tenant is occupying a unit with accessible features that are not needed and there is another tenant or person on the waiting list that requires a unit with accessible features.
c. When a unit becomes available:
i. The DMMHA shall first offer the unit to a current occupant in the same development who has been approved for such a unit transfer.
ii. If there is no current tenant in the same development who requires the unit, the DMMHA shall offer the unit to a current tenant in another development that has been approved for such a unit transfer.
iii. If there is no current occupant in need of the available unit, the DMMHA shall offer the unit to an applicant on the waiting list.
iv. The tenant must pay a new security deposit for the new unit prior to obtaining possession. The security deposit of the old unit will be processed as stated under Security Deposits in this lease agreement.
v. If the unit transfer is to alleviate a disability as a reasonable accommodation, the DMMHA shall pay all moving expenses. The DMMHA may also allow the unit security deposit to transfer to the ne...
Unit Transfers. Unit transfers at the request of the Resident during the academic year will only occur if deemed necessary and the decision is left solely at the discretion of the University of Saskatchewan Residence Services Department. All transfers will be subject to additional charges as outlined on the Residence Services Website.
Unit Transfers. The initial household certification was completed in accordance to the household size, the number of bedrooms, and maximum AMI% established at move in. If a household chooses to amend the household composition or unit composition, a new income certification will need to be completed and the household will be treated as a new household. THE SUBLETTING OF THIS APARTMENT IS EXPRESSLY PROHIBITED. THE APARTMENT MAY NOT BE OCCUPIED BY ANYONE OTHER THAN THE TENANT AND HIS/HER HOUSEHOLD MEMBERS FOR A PERIOD OF MORE THAN 30 DAYS, UNLESS THE LEASE CALLS FOR A MORE RESTRICTIVE GUEST LIMIT. AS SET FORTH IN THIS RIDER, THE PROVISIONS OF THIS PARAGRAPH WITH REGARD TO ASSIGNMENT OR SUBLETTING SHALL SUPERSEDE AND PREVAIL OVER ANYTHING TO THE CONTRARY CONTAINED IN THE LEASE. VIOLATION BY TENANT OF THE PROVISIONS OF THIS PARAGRAPH SHALL CONSTITUTE A MATERIAL BREACH OF THE LEASE, WHICH BREACH SHALL BE GROUNDS FOR TERMINATION OF THE LEASE BY OWNER, AND/OR REMOVAL FROM THE PROGRAMS, REVERTING THE RENT TO MARKET RENTS. Buildings participating in any of the Affordable Housing Incentive Programs are subject to audit by the City & State. During each audit, the City shall review files for accuracy and completion. At such time, further information and documentation may be requested by the City to guarantee compliance with the Programs requirements. Tenants are required to submit documentation as needed by auditors to ensure compliance. Each of the Programs, has a non-renewable program expiration. After the expiration of the occupancy restriction period, a tenant may be eligible for Tenant Relocation Assistance. Tenant and Owner should contact the Seattle Department of Construction and Inspections prior to expiration of the occupancy restriction period to determine Tenant Relocation Assistance eligibility and requirements.
Unit Transfers. If you would like to move from your present accommodation to a different room/unit you must register your name on the Room Change Request Form in the Housing Office. Priority is given to residents based on a variety of criteria as outlined. All room changes must be approved in advance; there is no guarantee requests can be met. Below are some general guidelines:
Unit Transfers. The MHA shall have the right to transfer the Tenant and Household Members to an alternate MHA unit whenever the MHA determines:
i. The size of the Dwelling Unit is no longer appropriate for the Household composition;
ii. Transfer is necessary to protect the health or safety of a Household Member or another MHA Tenant.
iii. The special features of the Dwelling Unit are required by a qualifying tenant, and neither Tenant nor any Household Member is disabled.
iv. Tenant or a Household Member needs to live in a unit with special features (e.g., handicap access) and the Dwelling Unit is not reasonably suited for such use or cannot be reasonably modified for such use.
v. A transfer is necessary so that the MHA may repair, retrofit, replace or modify the Dwelling Unit.
vi. A court-ordered Stipulated Agreement is executed or the Tenant enters into a written settlement agreement to effect such transfer.
vii. Other good cause as defined in the ACOP. ▇▇▇▇▇▇ further agrees to accept and execute a new Lease for the alternate Dwelling Unit.
Unit Transfers. Residents may request a transfer between apartments at the same property for medically necessary reasons when accompanied by a note from the Tenant’s physician. Transfer requests must be made in writing and submitted to the on site manager. Transfer requests will be placed on an in-‐house waiting list, in the order of the date they are received. In-‐house transfers have priority in regard to apartment availability. When a unit becomes available and a tenant on the in-‐house waiting list requires that type/size of unit, that tenant will be transferred. If no tenant on the in-‐house waiting list requires the type/size unit that is available, the unit will be offered to applicants on the general waiting list according to our wait list procedures. Tenant will be responsible for their plumbing charges after one month of the move-‐in date. Tenants shall promptly report all leaking faucets, leaking drain piping, leaking/running toilets, and all other leaks to Property Management. If the plumbing becomes clogged due to obvious tenant damage, the tenant will be charged. Only items that are meant for the toilet should be flushed. Do not flush sanitary napkins, paper towels, towelettes, wet naps, diapers, toys, tampons, etc; even if they say they are flushable. If you live in an apartment complex and the clog is definitely your fault, you may be charged for the full extent of the damage.
Unit Transfers. Landlord may approve a Resident’s request for transfer from one eligible unit to another upon completion of the initial lease period or as a reasonable accommodation. Certain requirements must be met and Residents should direct questions to Landlord.
Unit Transfers. Unit Holders wishing to Transfer any Units through the QMS should refer to the Manual which is available on our website (▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇). The procedures for and the timing of QMS Unit Transfers are governed by the Manual, in addition to the provisions below.