Rating | 3 |
What regulations does the City have? | Rent Control Protections Only |
Year Rent Control Originally Adopted | 2004 |
Year of Most Recent Rent Control Amendment | 2004 |
What units are eligible for rent control and which are exempt? | Exemptions:
|
Banking Allowed | No |
Does the landlord have to petition for additional increases? | Yes, must submit to arbitrator |
On what grounds is the landlord allowed to petition for additional rent increases? | The Rent Increase consists of no more than five percent (5%) of existing monthly Rent
plus the pass-through of all or some of the amounts of one (1) or more of the following:
(2) The cost figures are established to the reasonable satisfaction of the Arbitrator. (3) Each of the costs proposed for pass-through to Tenants bears a reasonable relationship to the purpose for which such cost was incurred and the value of the real property to which it is applied. (b) When costs of debt service deemed to be reasonable Standards applicable to Rent Increases which exceed the foregoing - see detailed circumstances in section 4 of ordinance on increased costs of debt service due to a sale or refinancing, The rental history of the unit or the complex of which it is a part. The physical condition of the Rental Unit or complex of which it is a part, including the quantity and quality of maintenance and repairs performed during the last twelve (12) months. (4) Any increases or reductions of Housing Services since the last Rent Increase before the effective date of this article. (5) Other financial information which the Landlord is willing to provide. (6) Existing market value of Rents for units similarly situated |
Does the City have a Rent Board? | No |
Number of Units Covered by Rent Control | TBD |