A lessor may reopen the renegotiated lease rent for the residential apartment of an apartment owner who:
(1) Was an owner-occupant of a residential apartment at the time of lease rent renegotiation; but
(2) No longer qualifies as an apartment owner-occupant.
If reopened, the renegotiated lease rent for the residential apartment shall be set in accordance with the lease agreement for persons who are not owner-occupants and shall be effective as of the date of disqualification as provided by this chapter.
(1990 Code, Ch. 39, Art. 1, § 39-1.12) (Added by Ord. 91-96)