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The "last month's rent" is rent that has yet to be earned by the landlord. A rental agreement or lease may include a "rent review" clause which makes provision for the rental amount to be increased, the process for the landlord to provide notice of a rent increase and the options available to the tenant regarding acceptance or rejection of the ...
For tenants with a long-term lease — say, one or two years — the state typically mandates when a landlord needs to provide written notice of a rent increase (typically between 30 to 90 days ...
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Phase-in of rent increases. If a tenant's monthly rent will increase above a certain amount solely as a result of conversion, then the rent increase must be phased in over a period of up to 5 years. The PHA has the discretion to determine the phase-in period.
An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
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