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a. : a usually fixed periodical return made by a tenant or occupant of property to the owner for the possession and use thereof. especially : an agreed sum paid at fixed intervals by a tenant to the landlord. b. : the amount paid by a hirer of personal property to the owner for the use thereof.
So, DCHA multiplies fair market rent to get the maximum value of a voucher. Right now, its at 187% of fair market rent, almost twice the regions. In practice, this means the agency can pay landlords up to $2,930 for a one-bedroom unit anywhere in the city.
For most tenants, the most that their rent can increase is the CPI-W percentage plus 2%, but not more than 10%. For tenants who are elderly or disabled, the maximum increase in rent charged is the CPI percentage only, but not more than 5%.
Reasonable rent means that the. rent may not exceed the rent that is charged for a comparable unit, with similar amenities, in the same or a similar location in the private, unassisted rental market.
an amount of money that you pay for the use of something, especially that you pay regularly for the use of a room, house, office, etc. that someone else owns: a fair/high/low rent.
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