INTERNAL PROTOTYPE — NOT LEGAL ADVICE — DO NOT SEND

Sec. 6-203

Citation
Sec. 6-203
Parent Document
Portland City Code ch. 6
Jurisdiction
Portland (municipal)
Original Source
https://www.portlandmaine.gov/asset/c5af4c63-b877-4ea8-9d29-8420cbad7717 ↗

Other Sections in This Document (920)

Full Text

617 chars 
Base rent means the initial amount of rent that a Landlord
charged for a Covered Unit prior to the increases allowed under
this ordinance, as more specifically defined in Section 6-233 of
this Article. For the purposes of the ordinance, the Rent Board
shall presume that the Base Rent was sufficient to have provided
the Landlord a fair return on investment prior to the enactment
of this ordinance.
     Banked rent means the Base Rent for a Covered Unit, plus any
increase in rent to which the Landlord was entitled under
Sections 6-233 and 6-234 below, but that was not yet applied to
the rent charged to a Tenant.