Monday, January 24, 2011

Proposed Rent Control Ordinance

Here is the proposed rent control ordinance that will be discussed at tonight's special sub-committee meeting.

Landlords and renters a like may want to watch this closely.  The proposed ordinance puts in a statute of limitations after which Tenants cannot make a claim of illegally charged rents.

Landlords will be required to provide a legal rent disclosure at the time a lease is signed documenting what the legal rent is. 

Proposed Rent Leveling Ordianance Draft 1                                                            

Information Provided by Donna Antonucci
Prudential Castle Point Realty

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