RAD Unit definition

RAD Unit means any of the 81 units on the Premises (or elsewhere if pursuant to a “transfer of assistance” approved by Landlord and HUD) to be converted and operated in accordance with RAD Requirements.
View Source
RAD Unit means any Apartment that is subject to the Rental Assistance Demonstration Program between the Owner and the United States of America, acting through the Secretary of Housing and Urban Development (“HUD”). The Rental Assistance Demonstration program was created by the Consolidated and Further Continuing Appropriations Act, 2012 (Public Law 112-55), as amended, and was developed and administered by HUD.
View Source

Examples of RAD Unit in a sentence

  • The Interim Landlord shall provide Resident with at least thirty (30) days prior written notice of the anticipated date for moving from the Interim Unit to the RAD Unit.

  • Upon such notice, Resident agrees to relocate to the RAD Unit and acknowledges that failure to do in the time specified may be considered a violation of the Lease.

  • In consideration for Interim Landlord providing Resident with the Temporary Unit during the Landlord’s preparation of the RAD Unit for occupancy, the Landlord shall pay over to the Interim Landlord any payments actually received relating to the RAD Unit pursuant to the Housing Assistance Payment Contract approved by the U.S. Department of Housing and Urban Development (“HUD”) entered into in connection with the RAD Project (“HAP Contract”).

  • The related services, including but not limited to packing, invoicing and electronic reporting, are included in the unit prices and shall be provided by the Contractor without additional charge.

  • It is anticipated that the RAD Unit shall be available for occupancy by Resident approximately on [_______________].

  • Upon Resident's move to the RAD Unit, the Interim Landlord’s obligations hereunder shall cease and this addendum shall be of no further force or effect.

  • Pending completion of the RAD Unit and the RAD Project, and Resident’s move to the RAD Unit, Resident shall occupy the unit (the “Temporary Unit”) located at [current formerly public housing unit] (“Interim Tenancy”).

  • The following provisions of this Lease apply to any Apartment designated as a RAD Unit and to which a project-based Section 8 voucher applies.