The moorage fee for a floating home rented by its owner to another shall be one-half
(½) of that portion of any profit obtained through such rental plus the moorage fee
otherwise permitted for owner-occupied floating homes under Sections 7.20.080 and 7.20.090 of this chapter. Profit shall be the rental received by the floating-home owner less
the floating-home owner's actual expenses, including but not limited to, the moorage
fee otherwise permitted, utilities, maintenance, reasonable depreciation on investment,
and one-half (½) of any interest payments. In the event of disagreement between the
floating-home owner and the moorage owner as to the correct moorage fee for a site
occupied by a rented houseboat then either party may apply to the Hearing Examiner
for a review of the fee, and the review shall be conducted pursuant to the procedure
described in Section 7.20.080 of this chapter. At all times when a floating home is rented by its owner to another,
the moorage owner shall be provided a written statement of the rental rate charged
the tenant by the floating-home owner, which statement shall be executed by both the
floating-home owner and the tenant. The moorage owner thereafter shall be provided
a copy of any rental fee increase notices given the tenant, or oral notice of such
increases if written notice to the tenant is not provided. Should a floating-home
owner fail to provide timely notice to the moorage owner of a rental increase, or
knowingly misrepresent the amount of rent charged, the floating-home owner shall pay
to the moorage owner, as an additional moorage fee, a sum equal to twice the amount
of any rental increase received by the floating-home owner from the tenant from the
date of the increase until the date that notice was given. When a floating-home