Examples of Rent reasonableness in a sentence
Rent reasonableness must also be determined during the term of the lease if the rent increases, if the FMR decreases by 5%, or if directed by HUD.
Rent reasonableness is established by the HRA based on an annual rental market study conducted by the HRA and frequent contact with area owners.
Rent reasonableness determinations will be made in accordance with HUD regulations.
RENT REASONABLENESS METHODOLOGY Rent reasonableness determinations are made when units are placed under a HAP Contract for the first time.
Rent reasonableness means that the total rent charged for a unit must be reasonable in relation to the rents being charged for similar units in the private market.
Rent reasonableness is determined by PHAs with reference to rents for comparable unassisted units.
Rent reasonableness takes into consideration location, quality, size, unit type and age as well as the amenities, maintenance and utilities provided by the owner.
Rent reasonableness: Applies only to apartment complexes with 4 or more non-Section 8 units.
Rent reasonableness studies are not subject to the same constraints on statistical reliability and cannot be used to alter FMRs.HUD is unable to use the 2014 ACS data in the calculation of the FY 2016 FMRs. The standard tabulations of ACS data based on the 2014 data collection have not been completely released at this time.
Rent reasonableness means that the total rent charged for a unit must be reasonable in relation to the rents being charged during the same time period for comparable units in the private unassisted market and must not be in excess of rents being charged by the owner during the same time period for comparable non-luxury unassisted units.