Title:
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Ordinance amending Administrative Code Chapter 37A "Residential Rent Stabilization and Arbitration Fee" by amending Sections 37A.1, 37A.2, 37A.6, 37A.8, 37A.9, 37A.10 and 37A.11 to increase annual maximum residential rent control fees from $10 to $16 per unit; providing that an owner seeking recovery of the fee shall deduct it from security deposit interest payments owed the tenant, except that the owner may directly bill the tenant if interest is paid annually; providing for owner banking and future collection of the fee from the tenant; repealing obsolete Sections 37A.8 and 37A.9 and renumbering Sections 37A.10 and 37A.11 as 37A.8 and 37A.9; and with other technical changes. The actual annual residential rent control fee per unit shall be calculated pursuant to Administrative Section 37A.2, in conformance with Administrative Code Sections 10.117-88 and 10.194.
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