Common use of Late Reporting Clause in Contracts

Late Reporting. (After 10 calendar days of the occurrence) ▪ Decreases - The household is not entitled to a rent credit for any prior monthly rent before the decrease in income is reported to the property manager. Any required earned income disallowance (EID) period will occur, whether reported in a timely manner or not. ▪ Increases - The household will receive a retroactive charge for an increase in income that would have resulted in a rent increase and was not reported timely, retroactive to the month after the change should have been reported.

Late Reporting. (After 10 calendar days of the occurrence) ▪  Decreases - The household is not entitled to a rent credit for any prior monthly rent before the decrease in income is reported to the property manager. Any required earned income disallowance (EID) period will occur, whether reported in a timely manner or not. ▪  Increases - The household will receive a retroactive charge for an increase in income that would have resulted in a rent increase and was not reported timely, retroactive to the month after the change should have been reported.

Late Reporting. (After 10 calendar days of the occurrence) ▪ § Decreases - The household is not entitled to a rent credit for any prior monthly rent before the decrease in income is reported to the property manager. Any required earned income disallowance (EID) period will occur, whether reported in a timely manner or not. ▪ § Increases - The household will receive a retroactive charge for an increase in income that would have resulted in a rent increase and was not reported timely, retroactive to the month after the change should have been reported.

Late Reporting. (After 10 calendar days of the occurrence) ▪ ) i. Decreases - The household is not entitled to a rent credit for any prior monthly rent before the decrease in income is reported to the property manager. Any required earned income disallowance (EID) period will occur, whether reported in a timely manner or not. ▪ Increases - The household will receive a retroactive charge for an increase in income that would have resulted in a rent increase and was not reported timely, retroactive to the month after the change should have been reported.