Vacant Unit definition

Vacant Unit. The Student must keep an available Unit ready for a Roommate to move in should they not have a current Roommate. Assigned furniture needs to be available, and the Unit needs to be kept in a clean, orderly and sanitary fashion, which is satisfactory to the Office of Residence Life. In the case that a vacancy occurs in a Unit, Student agrees to accept an assigned Roommate or move to another Unit at the request of the College. RESIDENCE/UNIT CHANGES Unit Changes: Unit changes are not permitted without prior approval from the Resident Director. Unit changes may not be made during the first or last three weeks of any semester. Requests for hall or Unit assignments/reassignments in violation of the College’s Non-Discrimination and Harassment Policy will not be honored by the Office of Residence Life. The College reserves the right to re-assign the Student(s) or remove the Student from housing based upon the inability to be an effective Roommate and/or a positive member of a community, according to the process set forth in the Student Handbook. The Office of Residence Life is available for mediation if the Student feels as though they may be at risk or if the Office of Residence Life believes it necessary to have mediation. Residents may “pull in” eligible Students who currently live in campus housing only when the three week Unit freeze period at the start of each semester has ended. Once a potential Roommate has been identified and approved by the appropriate Resident Director(s) that individual has 48 hours to complete the move. Residence Life reserves the right to assign a new Roommate prior to permitting residents to “pull in” a Roommate of their choosing. Should a new Roommate be assigned to a Unit, the College will make every effort to inform the Unit as soon as possible. The Office of Residence Life reserves the right to assign or change a Unit assignment at any time. BUILDING MEETING
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Vacant Unit means any residential apartment unit at the Properties that is unoccupied as of the Closing Date and that was vacated by the tenant most recently occupying such unit at least three (3) Business Days prior to the Closing Date (i.e., if a unit becomes vacant less than three (3) Business Days prior to the Closing Date, it is not a "Vacant Unit" as to which Purchaser might be eligible to receive a credit). If requested by Purchaser, representatives of Sellers and Purchaser shall conduct a walk-through (the "Walk-Through") of the Properties on or around the third (3rd) Business Day prior to the Closing Date in order to determine the amount of such credit, if any, to be given to Purchaser.
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Vacant Unit means any apartment or unit at the Property that is vacant as of the Closing Date and that was vacated by the Tenant most recently occupying such unit at least five (5) days prior to the Closing (i.e., if a unit becomes vacant less than five days prior to the Closing, it is not a "Vacant Unit" as to which Seller’s make ready obligations or Rent Ready Credit apply) and (iii) "Rent Ready Credit" shall mean $750.00 for each Vacant Unit not in Rent Ready Condition at Closing.
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Examples of Vacant Unit in a sentence

  • The Vacant Unit Rule is the subject of IRS Revenue Ruling 2004-82, Answering 12 Questions About Low Income Housing Credit Under IRC Section 42 (see questions #8, #9 and #10), published August 30, 2004.

  • Further, for single building projects that are mixed use (i.e. those that have both market and low income units), the Next Available Unit and Vacant Unit rules will apply separately to each building.

  • Once this occurs, the owner cannot correct the noncompliance and the Next Available Unit, Vacant Unit and full Recertification Rules will always apply.

  • Exemption from the Next Available Unit Rule, Vacant Unit Rule and full Recertification Rule applies.

  • If the project is set up to be 100% low income and the owner still has units occupied by ineligible households at the end of the first year of the credit period (as occasionally seen in Acquisition/Rehab or straight Rehab projects), the project is deemed to be mixed use and the Next Available Unit Rule, Vacant Unit Rule and full Recertification Rule do apply.

  • Once all units are both income and rent restricted the project type changes to 100% low income and the project is exempt from the Next Available Unit Rule, Vacant Unit Rule and full Recertification Rule.

  • Additionally, vacant units previously occupied by income-qualified households continue to qualify as LIHTC units as long as the owner properly follows the Vacant Unit Rule.

  • The Vacant Unit Referral Form (EXHIBIT 7-7) was developed to create a list of available units of which the program is aware.

  • A building treated as a separate project or buildings considered part of a multi-building project, for which all units are to be both income and rent restricted is eligible for exemption from the Next Available Unit Rule, Vacant Unit Rule, and Recertification Rule.

  • For “mixed-use” buildings, audit issues should include consideration of the taxpayer’s compliance with the Available Unit Rule, the Vacant Unit Rule, and the requirement to perform annual income recertifications for all low-income households.


More Definitions of Vacant Unit

Vacant Unit. A residential housing unit that does not have a tenant occupant. In order to be eligible for the RRDP, all the units contained in the Application must have been vacant prior to the date the NOFA is published. A landlord may not intentionally displace a tenant in order to be able to apply to the RRDP.
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Vacant Unit. A residential housing unit that does not have a tenant occupant. In order to be eligible for the NLRP Initiative, all the units contained in the Application must have been vacant by February 14, 2017. A landlord may not intentionally displace a tenant prior to application to the NLRP Initiative in order to be able to apply to the NLRP Initiative.
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Related to Vacant Unit

  • Management Unit means an area established by the Commission for management purposes.

  • apartment unit means any residential unit within a building containing three or more dwelling units where access to each residential unit is obtained through a common entrance or entrances from the street level and the residential units are connected by an interior corridor;

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Vacant Land means the land parcels described on Schedule A attached hereto.

  • Replacement unit means a landfill, surface impoundment, or waste pile unit from which all or substantially all of the waste is removed, and which is subsequently reused to treat, store, or dispose of hazardous waste. Replacement unit does not include a unit from which waste is removed during closure, if the subsequent reuse solely involves the disposal of waste from that unit and other closing units or corrective action areas at the facility, in accordance with a closure or corrective action plan approved by USEPA or the Agency.

  • Vacant building means a building that has been vacant and

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Vacant means the dwelling lacks the necessary amenities, adequate furnishings, or utilities and services to permit occupancy of the dwelling as a residence.

  • Class B Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Preferred Share means a share of capital stock of the General Partner now or hereafter authorized or reclassified that has dividend rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the REIT Shares.

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • REIT Share means a share of common stock, par value $0.01 per share, of the General Partner.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.