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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
Guide
to Vacancy Decontrol Forms
Vacancy Decontrol
Forms
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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