Rent Supplement definition

Rent Supplement means the amount which equals 42 times the difference between base monthly rental of a displacement dwelling including utilities and the monthly rent of a comparable dwelling including utilities.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Rent Supplement means a supplement to this Agreement in the form of Schedule 3.2(b) agreed to in accordance with Section 3.2(b).

Rent Supplement means any payment under section 198 of the Social Welfare Consolidation Act 2005 towards the amount of rent payable by an individual in respect of a residential premises;

Examples of Rent Supplement in a sentence

• In addition to the Base Rent set forth above, Lessee covenants and agrees to pay to Lessor, as percentage rent, an annual amount equal to the percent of Gross Revenues during the applicable Lease Year in excess of the Annual Percentage Rent Breakpoint for such Lease Year, all as set forth on the then-effective Rent Supplement.

• For greater clarity, the federal Rent Supplement Agreements that are tied to Index-Linked-Mortgage Agreements shall not be terminated by this Section 21.

• Notwithstanding the foregoing, the Percentage Rent Percentages and Annual Percentage Rent Breakpoints reflected on such new Rent Supplement with respect to the Rate Base covered by such prior Rent Supplement shall be as set forth on the Percentage Rent Schedule of such prior Rent Supplement.

• The Recipient is required to submit the final report for Strong Communities Rent Supplement Program in a form determined by the Province by June 30, 2022.

• The Rent Supplement may also include the projected in-service date of the Incremental CapEx or Lessee CapEx to which the Rent Supplement applies.

More Definitions of Rent Supplement

Rent Supplement has the meaning set forth in Section 3.2(a).

Rent Supplement means a rent subsidy provided by Manitoba Housing to an Accepted Proponent under a Rent Supplement Agreement. The rent subsidy provided is equal to the difference between the Affordable Rents and the rent an Eligible Tenant is required to pay (the rent-geared-to-income (RGI) rate) of a Social Housing Unit.

Rent Supplement is a subsidy paid to the Landlord on behalf of an Eligible Renter Household;

Rent Supplement means the difference between the geared to income portion of the market rent (“household charge”) from the tenant of a unit for a given month and the market rent;

Rent Supplement means the difference between the monthly geared to income rent calculated for the tenant and the full market rent approved by the Service Manager for that rent supplement unit or any other amount that the Service Manager agrees to pay in relation to the full market rent approved by the Service Manager for that rent supplement unit;

Rent Supplement means the amount which equals 42 times the difference between base monthly

Rent Supplement means the amount per unit received by the Operator from BC Housing in accordance with the rent supplement agreement with the Operator.