Common use of Form of Lease Clause in Contracts

Form of Lease. The form of lease to be utilized by Owner in renting any Housing Units in the Development must provide that any Resident who is intended to be a Qualified Resident shall provide for termination of the lease and for consent by such Resident to immediate eviction as a result of any material misrepresentation made by such person with respect to the Income Certification or of the failure by such Resident to annually execute an Income Certification.

Appears in 5 contracts

Sources: Regulatory Agreement for Low Income Housing Tax Credits, Regulatory Agreement for Low Income Housing Tax Credits, Regulatory Agreement for Low Income Housing Tax Credits