Sec. 6-203

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

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(c) Base rent following major renovation or reconfiguration
of Covered Units. Upon a major renovation or reconfiguration of a
Covered Unit, the Landlord may charge no more than the Banked
Rent for that unit, or may apply to the Rent Board for
determination of the appropriate increased Base Rent. When
determining the appropriate increased Base Rent, the Rent Board
may consider factors including the increase in floor area, the
addition or upgrade of amenities, the amount necessary to ensure
a fair return on investment, and any other factor determined
relevant in the opinion of the Rent Board; the Rent Board may
consider any amount of Banked Rent accrued for that unit, but
after determining the appropriate Base Rent, all previously
accrued Banked Rent shall be forfeited..

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