Agmt25 Lane 847 Woodside, LLC - Laserfiche WebLink

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notice from the City then the City, in addition to whatever other remedy it may have at law or in equity, shall have the right to enter upon Affordable Development (excluding the commercial space leased to third parties) and perform or cause to be performed all such acts and work necessary to cure the default. Pursuant to such right of entry, the City shall be permitted (but are not required) to enter upon Affordable Development and perform all acts and work necessary to protect, maintain, and preserve the improvements and landscaped areas on Affordable Development, and to attach a lien on Affordable Development, or to assess Affordable Development, in the amount of the expenditures arising from such acts and work of protection, maintenance, and preservation by the City and/or costs of such cure, including a ten percent (10%) administrative charge, which amount shall be promptly paid by the Affordable Developer to the City upon demand. ARTICLE 6 MISCELLANEOUS Section 6.1 Lease Provisions. In leasing the Affordable Units, Affordable Developer shall use a form of resident lease approved by the City, which shall comply with all requirements of this Agreement and shall, among other matters: (a) Provide for termination of the lease and consent by the Resident to immediate eviction for failure to provide any information required under this Agreement or reasonably requested by Affordable Developer to establish or recertify the Resident's qualification for occupancy in Affordable Development in accordance with the standards set forth in this Agreement. (b) Be for an initial term of not less than one (1) year, unless by mutual agreement between the Resident and Affordable Developer (and only if allowed by all financing sources) and provide for no increase in Rent during such year. After the initial year of tenancy, the lease may be month-to-month by mutual agreement of Affordable Developer and the Resident; however, Rent may not be raised more often than once a year. Affordable Developer will provide each Resident with at least sixty (60) days written notice of any increase in Rent applicable to such Resident, and with such further notice as may be required by Section 2.3 above. (c) Require the Resident to occupy the Affordable Units as the Resident's principal place of residence. (d) Provide for immediate termination of the tenancy of any Resident household where one or more of whose members misrepresented any fact material to the household's qualification as an Extremely Low-income Household, Very Low-income Household or Low-income Household, as applicable. Section 6.2 Lease Termination. Any termination of a lease of an Affordable Unit (other than for a default by the Resident) or refusal to renew must be preceded by not less than sixty (60) days written notice to the Resident by Affordable Developer specifying the grounds for the action ATTY/AGR/2024.193.1—AFFORDABLE HOUSING LAND DONATION AGREEMENT— EXHIBITG— RESTRICTIVE COVENANTS AGR REV: 10-22-24 VR Page 19 of 41