Qualified resident definition
Examples of Qualified resident in a sentence
The Qualified Resident must occupy the Restricted Unit as their primary residence and may not utilize the Restricted Unit as a short-term vacation rental or sublease said unit to another individual or business.
Agreement by the Qualified Resident that the Developer may take, hold or sell personal property of household members without notice to the Qualified Resident and a court decision on the rights of the parties.
The Developer, or the Developer’s agent, is solely responsible for all management related to the lease of Affordable Rental Units, including, but not limited to, verification, certification, and recertification of the eligibility of a potential lessee as a Qualified Resident prior to occupancy; collection of rents, security deposits, evictions, maintenance, landscaping, routine and emergency repairs.
This prohibition does not apply to an agreement by the Qualified Resident concerning disposition of personal property remaining in the housing unit after the Qualified Resident has moved out of the unit.
The Restricted Unit shall be continuously occupied by a Qualified Resident and may not sit vacant for more than ninety (90) days unless reasonable and documented efforts to occupy the Restricted Unit are unsuccessful.