Any landlord that expends money to improve common areas may pass through 50% of the expenses in the form of rent increases over a five-year period based on the pro rata share of the total units. Any passthrough must be approved by the city based on a written petition from the landlord. The landlord must provide a factual basis in writing to the city describing all facts of the passthrough, any documents to be considered by the city, and any receipts to be considered by the city. The passthrough, if approved, will run with the units for five years. Thus, even if a renter moves out, the new renter can be charged the same passthrough over the same five-year period as the previous renter. The passthrough will run with the unit for the entire five years regardless of who the renter is at the time. For a petition under this section, the hearing process and procedures under § 117.05 will apply.
(Ord. 1447, passed 10-21-20; Am. Ord. 1501, passed 4-5-23)