Sec. 6-203

Citation: Sec. 6-203 (i)
Parent Document: Portland City Code ch. 6 art. XII
Jurisdiction: Portland (municipal)
Original Source: https://www.portlandmaine.gov/asset/7e88e802-0dee-40c0-aa6f-7e25eea0c7f7 ↗

Full Text

1,139 chars

(i)   If a Covered Unit is not registered with the City
                     as of January 1, 2021, but is registered with
                     the City after such date, the Base Rent shall
                     be set by the Landlord.
            (ii) If a Covered Unit is registered with the City as
                     of January 1, 2021, but is removed from the
                     rental housing market, the Base Rent for such a
                     Covered Unit upon reentry to the rental housing
                     market shall be the Banked Rent, as measured
                     from the Rental Year in which the Covered Unit
                     was removed from the rental housing market.
            (iii)       If a Covered Unit is registered with the City
                     as of January 1, 2021, but is subsequently
                     removed from the rental housing market for a
                     period of five (5) or more Rental Years, the
                     Base Rent for such a Covered Unit upon reentry
                     into the rental housing market shall be set by
                     the Landlord.

Other Sections in This Document (801)

Full Text