Rent Level definition

Rent Level means a rent which does not exceed the rent level published by GLA at ▇▇▇.▇▇▇▇▇▇.▇▇▇.▇▇/▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ as adjusted by GLA from time to time;
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Examples of Rent Level in a sentence

  • In the circumstance contemplated in this Condition 2.4 the Grant Recipient should set the Affordable Rent Level by reference to the Comparable Market Rent.

  • In the circumstance contemplated in this Condition 11.10 the Grant Recipient should set the Affordable Rent Level by reference to the Comparable Market Rent.

  • In the circumstance contemplated in this clause 3.11 the Recipient should set the Affordable Rent Level by reference to the Comparable Market Rent.

  • Rent Level (2004) One Bedroom $1,000 Two Bedroom $1,050 Three Bedroom $1,130 New Owners: Current owners must sell their home to households earning at or below 80% of the County median income, in accordance with the chart below: INCOME ELIGIBILITYFOR ALL NEW HOMEOWNERS One Person $43,800 Two Person $50,050 Three Person $5 6,300 Four Person 50 Five Person $67.550 Income levels to be adjusted annually based on increases in County median income.

  • The Units will be initially offered at a maximum of an average rental rate set at the greater of (i) the applicable 20 AMI Rent Level for the Units or (ii) the applicable AMI Rent Level for the Restricted Units in the year during which all the Units are available for rental.

  • The Restricted Units will be initially offered at a maximum of an average rental rate set at the greater of (i) the applicable 20 AMI Rent Level for the Restricted Units or (ii) the applicable AMI Rent Level for the Restricted Units in the year during which all the Restricted Units are available for rental.

  • On an annual basis for each renewing tenants in the Units, Project Owner may increase rent on the Units to an amount equal to not more than the greater of (i) fifty percent (50%) of any increase in the revised AMI Rent Level published by HUD for the applicable year; or (ii) two percent (2%) of existing rent.

  • Rent Level (2004) One Bedroom $1,000 Two Bedroom $1,050 Three Bedroom $1,130 Rent levels to be adjusted annually based on increases in County median income.

  • Project Owner shall set rent for new tenants in the Units at the greater of: (i) the then applicable AMI Rent Level for said Unit; or (ii) the rent payable by the previous occupant.

  • The parties agree that the "Initial Gross Rent Level" --------------- (as described in Section 3.01(b)(ii) of the Ground Lease) is the sum of $1,400,000.