§ 35-15. RENT RESTRICTIONS FOR RENTAL UNITS; LEASES.

1.

A written lease shall be required for all restricted rental units and tenants shall be responsible for security deposits and the full amount of the rent as stated on the lease. A copy of the current lease for each restricted rental unit shall be provided to the Administrative Agent.

2.

No additional fees or charges shall be added to the approved rent (except, in the case of units in an assisted living residence, to cover the customary charges for food and services) without the express written approval of the Administrative Agent.

3.

Application fees (including the charge for any credit check) shall not exceed five (5) percent of the monthly rent of the applicable restricted unit and shall be payable to the Administrative Agent to be applied to the costs of administering the controls applicable to the unit as set forth in this Ordinance.

4.

No rent control ordinance or other pricing restriction shall be applicable to either the market units or the affordable units in any development in which at least fifteen (15) percent of the total number of dwelling units are restricted rental units in compliance with this Ordinance.

(Ord. No. 391-18 , § 15, 1-22-2018)