Rental Units definition

Rental Units means the number of units for rent adjusted for the number of student tenants renting individual rooms inside a suite. For example, a 5-bedroom student unit would be 1 Rental Suite but is 5 Rental Units as there may be 5 separate leases, each pertaining to a bedroom unit. This distinction only applies to properties classified as Student Residences. Thus, an apartment that had a 2-bedroom suite that had roommates sharing an apartment, and where the building is not classified as a Student Residence, would be 1 Rental Suite and 1 Rent Unit only. There is no distinction between individual leases on bedrooms and multi-tenant leases with all residents in the suite on a single lease (the two forms of lease in the student rental business)

Rental Units shall have the meaning set forth in Section 3(a) hereof.

Rental Units means any dwelling units as defined in California Civil Code section 1940, subsection (c), including joint living and work quarters, located in the City and used or occupied in consideration of payment of Rent. This definition applies to any dwelling space that is actually used for residential purposes, whether or not the residential use is legally permitted, including live- work spaces, mobile homes rented by the owner of a mobile home to a Tenant, and accessory dwelling units. For purposes of compliance with this chapter,

Examples of Rental Units in a sentence

• This Lease shall be construed and deemed to be a commercial lease, notwithstanding that parts of the Demised Premises are used for residential purposes and may be considered "Rental Units" (as this term is defined under the RTA).

• The Board and ETFO agree that a majority of the Housing Advisory Committee shall determine the allocations of Teacher Rental Units to teachers employed by the Moosonee District School Area Board.

• Notwithstanding anything to the contrary in this subsection, the Restoration shall not include any structural alteration, improvement or addition that increases the Utilized Floor Area on such Parcel(s) or changes the aggregate number of rooms or units or changes the unit sizes and bedroom count of the Rental Units as set forth in the HAP Contract, all as existing as of the date of this Lease, unless Landlord has approved such, in writing, which approval shall be at Landlord’s sole discretion.

• Developer shall construct and lease not less than fifteen percent (15%) of the total residential units in the Project as Affordable Rental Units, in the proportions and with the characteristics set forth in Article 4.3. The Affordable Rental Units shall be constructed on-site and reasonably dispersed throughout the development and in no event shall the number of Affordable Rental Units amount to fewer than twenty-four (24) total units.

• If Swire rejects the variation order, Swire shall only be obliged to provide the Sales Goods, Rental Equipment, Rental Units or Services as described in the original Order and the Customer shall remain obliged to pay for and accept such Sales Goods, Rental Equipment, Rental Units or Services subject to the terms of this Agreement.

More Definitions of Rental Units

Rental Units means any dwelling unit, housekeeping room, or guest room as defined in the Seattle Housing Code (Chapter 22.204 of the Seattle Municipal Code) which has been occupied by tenants pursuant to rental agreements, oral or written, express or implied.

Rental Units means any dwelling units as defined in California Civil Code section 1940, subsection (c), including joint living and work quarters, located in the City and used or occupied in consideration of payment of Rent. This definition applies to any dwelling space that is actually used for residential purposes, whether or not the residential use is legally permitted, including live- work spaces, mobile homes rented by the owner of a mobile home to a Tenant, and accessory dwelling units. For purposes of compliance with this chapter, Rental Unit does not mean any dwelling unit in which the Landlord or any member of his/her immediate family occupies one of the dwelling units on the property containing the Rental Unit and it is necessary for the Landlord or any

Rental Units. This project has rental units. There are HOME assisted units, of which will be High HOME assisted units and will be a Low HOME assisted unit. The HOME assisted units must meet the following criteria: High HOME Rent for an assisted one bedroom unit is $1,258.00 Low HOME Rent for an assisted one bedroom is $993.00 Virtually all HOME assisted rental units will be occupied by tenants with annual incomes sixty percent (60%) of median or less in order to meet the overall funds targeting requirements described above. On an annual basis, HCD shall provide Developer with the most recent determination of the ceilings as outlined on the previous page, as well as the most recent utility allowances to be used (based on the utility allowance used by the Housing Authority of the County of Salt Lake). Initial rents (including utility allowances) for each HOME assisted unit shall be set using the HCD-provided ceiling at the time of the initial occupancy of each matching HOME assisted unit by a new household. Rents for HOME assisted units shall be increased no more than once annually and annual rent increases shall be calculated by Developer and HCD based on the change in permissible rents published annually by HUD. At least sixty (60) calendar days prior to increasing rents on any HOME assisted unit, Developer shall submit to HCD for review and approval a written request for each increase, which HCD shall approve if the increased rent will comply with the requirements of HUD. Households occupying HOME assisted units shall be given at least thirty

Rental Units has the meaning assigned to it in clause (h) of the definition of “Eligible Floor Plan Equipment”.

Rental Units means housing units offered for lease or rent.

Rental Units means and refer to any living unit within a building or attached group of buildings containing two or more living units designed and operated primarily for rental purposes. However, if at a later time such units shall be sold and shall no longer be operated for rental purposes, the same shall thereafter be known as a "Private Dwelling Unit". Similarly, any Private Dwelling Unit which is later operated for rental purposes shall thereupon be known as a "Rental Unit."

Rental Units means one or more rooms in a building, or a portion of a room, designed or intended to be used, or actually used, for occupancy by a person or persons for living and sleeping quarters and containing one kitchen only; excluding hotel and motel units.