§ 114.09 CERTIFICATE OF RENEWAL AND NONTRANSFERABILITY.
   (A)   Registration certificates will initially be required on or before November 1 of each year. All registration certificates shall expire on the first day of November of the year following its issuance and must be renewed annually. All information required by § 114.05(B) of this chapter must be submitted at the time of renewal.
   (B)   Every person who transfers title to property registered under this chapter shall provide the city/City Administrator with the name, address, telephone number and date of the transfer of title to the new owner within ten days of the date of such transfer. Within 30 days of the date of such transfer, the new owner shall apply for a new registration certificate. In the case of an option contract where the holder of the option is collecting rents and/or is paying on the mortgage to the property while the option remains unexercised, the holder of the option shall be deemed to be the owner of the property for purposes of this section and shall be required to apply for a rental registration certificate in his or her name. The date the option contract is created shall be deemed to be the date the holder of the option becomes the “owner” for purposes of this section.
   (C)   (1)   Registration certificates may not be transferred or assigned without approval of the city.
      (2)   Restrictions on transfer of ownership. It shall be unlawful for the owner of any dwelling, dwelling unit or rooming unit upon whom a pending compliance order has been served to sell, transfer, mortgage, lease or otherwise dispose thereof to another person until the provisions of the compliance order have been complied with, unless such owner shall furnish to the grantee, lessee, or mortgage a true copy of any notice of violation or compliance order and shall obtain and possess a receipt of acknowledgment. Anyone securing an interest in the dwelling, dwelling unit, or rooming unit who has received notice of the existence of a violation or compliance order shall be bound by the same without further service of notice upon him and shall be liable to all penalties and procedures provided by this chapter.
(Ord. 114, passed 6-25-08) Penalty, see § 10.99