| Vacancy Decontrol: Please pay attention to these three (3) notices that are a part of EVERY Vacancy Decontrol Application submittal "
Notice by landlord to tenant in writing of any VDC application (by regular and certified mail) - This means that you (landlord) must send (by regular and certified mail) to your NEW tenant (at least one (1)) on your signed lease that you have filed for a Vacancy Decontrol with the Office of Rent Control. "
Notarized statement by landlord (attached to the Vacancy Decontrol Application) to the Office of Rent Control Board that proper notice has been made to the new tenant(s). - This means that when you submit your VDC application you are required to submit in writing and notarized, that the tenant(s) were properly notified (as in the statement above) This step completes your application process "
Notice by the Office of the Rent Control Board to landlord and tenant (when occupied) of the approval/disapproval of any Vacancy Decontrol Application - This is the letter that follows up to both the landlord/owner and to the tenant(s) regarding the application process. "
Note - Vacancy Decontrol Applications can be submitted to this office prior to new tenants occupying a unit. Once a lease is signed and the paperwork is done, the application can be submitted for approval at that time.
Upon the voluntary vacancy of a unit or after a legal eviction, the owner may apply for decontrol of the unit.
Vacancy Adjustment: If the unit has been decontrolled to market rent in the past 5 years, the rent on a vacant unit can only be increased by the sum of the annual base rent increase + 4%. (Example: If the annual allowable base rent increase is 2.7%, the vacancy adjustment increase can be up to 6.7%) A vacancy adjustment can not be taken more frequently than every other year.
Market Decontrol: If the vacant unit has not had a market decontrol in the past 5 years AND the owner has made an investment over the past 5 years equal or greater than 15% of the past year's annual rent, the rent can be raised to whatever rent the landlord and new tenant mutually agree upon.
Rent control applies to any subsequent leases with the same tenant.
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