Sentences with phrase «grandfathering provision»

A "grandfathering provision" means that certain rules or privileges given to a person or group in the past will continue to apply to them even if the rules change for everyone else. It's like being exempt from the new rules because you were already doing something before. Full definition
This proposed grandfathering provision would allow all owners (including those that were not currently renting their units) to lease their units to multiple, unrelated, transient tenants.
• The proposed grandfathering provisions were unreasonable as they were inconsistent with the declaration.
Unlike with purchase loans, there's no grandfathering provision for existing home equity loans, so for those for whom the deduction is important, looking at potentially repaying those loans sooner than expected might be worth considering.
There is not a grandfathering provision for any current home equity loans.
Its subsidiary NV Energy was embroiled in Nevada's controversial net metering proceeding, which slashed retail rates and excluded a grandfathering provision for 32,000 existing rooftop solar customers until a last minute compromise.
Regulators rolled out an unpopular decision to slash retail rates for rooftop solar customers participating in net metering — a billing mechanism that gives customers a return on their excess energy sold to the grid — and excluded a grandfathering provision for existing solar customers.
Lengthening the timeline for gradual implementation was part of a later, compromise proposal from NV Energy, which included a grandfathering provision for existing rooftop solar owners over a period of 20 years.
However, Industry Canada is not providing a grandfathering provision for consent that was legitimately obtained under PIPEDA.
Implementation of DTC in its current form, especially with the no - grandfathering provision, bodes ill for the industry's long - term growth outlook.
Also, find out if there are grandfather provisions that allow current owners more rights than you would have as a new owner, such as the ability to rent out your unit.
The legislation in prior drafts called for the elimination of the grandfathering provision in 2021, as well as exorbitant rate increases.
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