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S-8, r. 4 - By-law respecting the conditions for the leasing of dwellings in low-rental housing in Nunavik
Section 6
Disposition versions
6. If the lessee or the lessee’s spouse is 60 years of age or older and if the lessee so requests, the monthly rent is established according to the lowest of
(1) the maximum rent established in accordance with Schedule I;
(2) the rent established in accordance with section 5; and
(3) a rent of $100, plus 2.4% of the income in excess of the first $40,000 of income resulting from the application of the formula [A - (B + C)] whose parameters are defined in section 5. The amount of $40,000 is adjusted in accordance with the first paragraph of section 7.
6. If the lessee or the lessee’s spouse is 60 years of age or older and if the lessee so requests, the monthly rent is established according to the lowest of
(1) the maximum rent established in accordance with Schedule I;
(2) the rent established in accordance with section 5; and
(3) a rent of $100, plus 2.4% of the income in excess of the first $30,000 of income resulting from the application of the formula [A - (B + C)] whose parameters are defined in section 5. The amount of $30,000 is adjusted in accordance with the first paragraph of section 4.
6. If the lessee or the lessee’s spouse is 60 years of age or older and if the lessee so requests, the monthly rent is established according to the lowest of
(1) the maximum rent established in accordance with Schedule I;
(2) the rent established in accordance with section 5; and
(3) a rent of $100, plus 2% of the income in excess of the first $20,000 of income resulting from the application of the formula [A - (B + C)] having the parameters defined in section 5; despite section 2, the rent may be lower than the minimum rent established in accordance with Schedule II.
