[Added 7-23-2001 by Ord. No. 25-2001]
A. An individual unit within a rent controlled complex may receive relief from rent control restrictions concerning the amount of rent by determining and fixing a rent determined by the owner to be market value, subject, however, to the following conditions:
(1) An individual unit within a complex must be vacant and not subject to an enforceable lease.
(2) The individual unit must be registered with the Rent Control Board and inspected by the Code Enforcement Officer of the Town of Hammonton, who shall certify that the individual unit has been inspected and a certificate of continued occupancy (CCO) has been issued.
(3) Pay all applicable fees for the issuance of a continued certificate of occupancy.
(4) The base rent of the individual unit shall remain at the same level as all other units within the rent controlled complex.
B. Effect on complex definition. The temporary relief and removal of a unit from rent control for the purpose of adjusting to market value shall not effect the definition and jurisdiction of the complex as defined herein from rent control. A complex subject to rent control shall continue to be subject to rent control notwithstanding this section.