A Residential Rental License may not be transferred, sold, conveyed, devised, inherited, escheat, be foreclosed upon or otherwise pass from one Person to another Person. In the case of a licensed Dwelling or Dwelling Unit that is sold or transferred, or when a new Dwelling or Dwelling Unit is constructed, the new Owner shall seek a Residential Rental License for the Dwelling purchased, acquired or constructed. Failure of the new Owner to seek a Residential Rental License for the Dwelling within sixty (60) days of the date of sale or transfer of ownership, or the date of the completion of construction, constitutes a violation of this Article and shall result in penalties as provided in this Article.
(Ord. 669. Passed 5-7-12.)