Common use of Utility Allowances Clause in Contracts

Utility Allowances. Inclusion of utility allo ances in gross rent. If the cost of any utility (other than telephone, cable television, or Internet) for a residential rental unit is paid directly by the tenant(s), and not by or through the owner of the building, the gross rent for that unit includes the applicable utility allow- ance determined under this section. For purposes of the preceding sentence, if the cost of a particular utility for a residential unit is paid pursuant to an actual-consumption submetering ar- rangement within the meaning of para- graph (e)(1) of this section, then that cost is treated as being paid directly by the tenant(s) and not by or through the owner of the building. This section only applies for purposes of deter- mining gross rent under section 42(g)(2)(B)(ii) as to rent-restricted units.

Appears in 2 contracts

Sources: Binding Agreement, Binding Agreement, Election Statement, and Carryover Allocation Document