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annual allowable and/or banked rent increases on a tenant.
IS THE PROPERTY RENTED OR NOT? IF SO, HOW MANY UNITS? THIS WILL DICTATE REPORTING REQUIREMENTS.
All owners of residential housing units, irrespective of the number of units
• At a minimum, property owners must share with the Rent Board the mailing address of the unit and whether the unit is vacant or occupied by a non-owner.
• Should the Rent Board be informed that the unit is occupied solely by the owners and not rented at any time, the matter is done - no further information will be needed.
• If, however, the Rent Board is notified that the unit is non-occupied (because it is vacant, tenant-occupied, or used for some other purpose), additional information is required.
Owners with 10 or more rental units
• Landlords must convey information on their properties to the Rent Board Housing Inventory by July 1, 2022, or risk having their newfound “license” to raise rent revoked.
• That’s right - if the landlord is not in good graces with the Rent Board, rents cannot be raised. An updates must be made to the Rent Board every March thereafter.
Owners of condominiums or buildings with fewer than 10 units have more breathing room
• If you fall in this category, reporting is due by March 1, 2023, and every March thereafter.
• The undercurrent is a distrust of larger, more sophisticated landlords, while mom-and-pop owners are afforded more time to comply with a complicated regulatory regime.
IF A UNIT IS NOT OWNER-OCCUPIED FOR WHATEVER REASON, THE OWNER MUST DISCLOSE CERTAIN INFORMATION TO THE RENT BOARD.
a. The name and business contact information (address, phone number, email address) of the owner(s), or of the property manager, if any, designated by the owner(s) to address habitability issues;
b. The business registration number for the unit, if any;
c. The approximate square footage and number of bedrooms and bathrooms in the unit (to the best of the owner’s or manager’s knowledge);
d. Whether the unit is vacant or occupied, and the date the vacancy or occupancy commenced;
e. The start and end dates of any other vacancies or occupancies that have occurred during the previous 12 months;
f. For tenant-occupied units, the base rent reported in $250 increments, and whether the base rent includes payment of utilities by the landlord (e.g. water/sewer, refuse/ recycling, natural gas, electricity, etc.); and;
g. Any other information that the Rent Board deems appropriate following a noticed public meeting in order to effectuate the purposes of the Rent Ordinance.
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APARTMENT MANAGEMENT MAGAZINE - JULY 2022 CS-23