(A) After January 1, 2024, every Owner of a Housing Unit located inside the City of Lima which is not Owner-occupied, shall obtain and maintain a valid Rental Housing Unit Registration Certificate as set forth in this Chapter for each such Housing Unit, regardless of whether the Housing Unit is actually rented or offered for rent at that time.
(B) With the exception of Housing Units identified in C.O.L. § 872.04, all Rental Housing Units shall be registered by the Owner with the Department according to the registration deadlines in this section.
(1) An Owner shall submit to the Director a Registration Form for each Rental Housing Unit of the Owner. If any of the information required on the Registration Form changes during the term of a registration, the Owner shall update the information within 30 days of the information changing.
(C) For condominiums and cooperatives, the property required to be registered shall be the individual housing unit being rented and not the entire condominium building, cooperative building, or development.
(D) Beginning January 1, 2024:
(1) Owners of 10 or more Rental Housing Units shall register their units with the Director no later than June 30, 2024.
(2) Owners of between 5 and 9 Rental Housing Units shall register their units with the Director no later than December 31, 2024.
(3) Owners of between 1 and 4 Rental Housing Units shall register their units with the Director no later than June 30, 2025.
(4) However, nothing herein shall prevent an Owner from voluntarily registering units prior to the schedule above.
(E) There shall be no fee charged to the Owner for the registration of a Rental Housing Unit.
(F) A new Owner of a Registered Rental Housing Unit shall, within 30 days after the sale is closed, update the current registration. There is no fee for this update.
(Ord. 250-23. Passed 1-2-24.)