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RECORDING REQUESTED PURSUANT TO GOVERNMENT CODE SECTION 27383 When Recorded Mail To: City of Sunnyvale P.O. Box 3707 Sunnyvale, CA 940883707 Attention: Housing Division Record at No Fee per Government

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How to fill out bmr restrictions agreement

01

To fill out a BMR (Below Market Rate) restrictions agreement, follow these steps:

02

Obtain a copy of the BMR restrictions agreement form from the relevant authority or organization.

03

Read the form thoroughly to understand the terms and conditions of the agreement.

04

Fill in your personal details accurately, including your name, address, contact information, and any other required information.

05

Provide the necessary information about the property subject to the BMR restrictions, such as the address, details of ownership, and any other relevant details.

06

Review any income qualifications or affordability criteria mentioned in the agreement, and ensure that you meet them.

07

Sign the agreement in the designated space and date it accordingly.

08

Submit the completed agreement to the appropriate authority or organization as instructed.

09

Keep a copy of the filled-out agreement for your records.

Who needs bmr restrictions agreement?

01

Anyone who wishes to purchase or occupy a property under the BMR program or any affordable housing scheme may need to sign a BMR restrictions agreement.

02

This agreement is often required by government entities, housing authorities, or organizations that administer affordable housing programs.

03

Individuals who meet the income and eligibility criteria set by these programs will be required to sign the BMR restrictions agreement to ensure compliance with the program's regulations and restrictions.

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What is bmr restrictions agreement?

BMR restrictions agreement is a legal document that outlines the restrictions placed on affordable housing units known as Below Market Rate (BMR) units.

Who is required to file bmr restrictions agreement?

Property owners or landlords who own BMR units are required to file the BMR restrictions agreement.

How to fill out bmr restrictions agreement?

To fill out a BMR restrictions agreement, property owners must provide information regarding the unit, tenant eligibility requirements, rent restrictions, and monitoring procedures.

What is the purpose of bmr restrictions agreement?

The purpose of the BMR restrictions agreement is to ensure that affordable housing units remain affordable and accessible to low-income individuals and families.

What information must be reported on bmr restrictions agreement?

Information such as unit number, tenant income eligibility requirements, rent restrictions, and monitoring procedures must be reported on the BMR restrictions agreement.

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