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)

Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
Portland City Code ch. 6
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purposes of this ordinance, a Fair return on investment must be
calculated using Maintenance of Net Operating Income methodology,
as that term is used in other jurisdictions with similar
ordinances, that presumes the net operating income the landlord
earned from a Covered unit during calendar year 2019 yielded a
fair return on investment, unless the landlord proves that
special or peculiar circumstances prevented the landlord from
receiving a fair return on investment during that period. The
Rent Board may adopt rules or regulations to ensure the fair and
consistent application of such methodology.