Major renovation or reconfiguration means one or more
capital investments or improvements where the total cost of
construction or improvement attributable to the Rental unit
involved exceeds 20% of the property value, prior to improvement,
of the Rental unit involved, as determined by the city’s tax
assessor.
Qualified family member means a spouse, parent, grandparent,
brother, sister, child or grandchild related by blood, marriage,
or adoption.
Rent means the consideration, including any deposit, bonus,
benefit, or gratuity demanded or received for, or in
consideration with, the use or occupancy of rental units and
housing services. Such consideration includes, but is not limited
to, monies and fair value of goods and services rendered to or
for the benefit of the Landlord under the Rental Agreement, or in
exchange for a Rental Unit, or housing services of any kind.
Rent board means the set of appointed individuals
responsible for the administration of this Article, in accordance
with the terms set forth below.
Rent stabilization allowances means collectively the
Allowable Increase Percentage and any additional rent increase
exemptions approved by the Rent Board under Section 6-234 of this
Article.
Rent stabilization ordinance means Chapter 6, Articles XII
and XIII of the Code of Ordinances, City of Portland, Maine, as
amended.
Rental agreement means a contract between a Landlord and a
Tenant for the use and/or occupancy of a Rental Unit.