(1) “Financial institution”
means a lender, bank, or servicer engaged in the financial services business and any of their successors or assigns that own, hold, service, and/or serve as trustee of a secured interest in a real property by way of a mortgage or otherwise. “Engaged in the financial services business” applicable to a financial institution means to engage in underwriting, originating or making loans secured by a mortgage or real property; or servicing loans secured by a mortgage on real property in any respect, including, but not limited to, collection of payments, creation and administration of escrow and insurance accounts, assessment of late-payment charges, management of loss mitigation, securing and managing foreclosed real property or real property undergoing foreclosure on behalf of a mortgage holder; and engaging in the preservation and maintenance of real property secured by a mortgage on such real property that has become unoccupied and unsecured.
(2) “Real property” (business or residence)
means any building or structure or any separate part, unit or portion thereof whether or not permanent. If one or more individual dwellings in an apartment, condominium or row house complex is unoccupied and unsecure, such dwellings shall be subject to the requirements of this chapter.
(3) “Unoccupied”(a) (b) (c) (d) (e)
as used herein means:
No trade or business is present by the owner or any person having a leasehold interest or record in the real property or other lawful occupancy;
Uninhabited with no visible signs or active indications, upon casual observation, that the real property is undergoing improvements as evidenced by an unexpired building or improvement permit, an unexpired application for such permit or other facts indicating the real property is undergoing ongoing improvements;
One or more utility connections including water, sewer, natural gas or electric connections are no longer servicing the real property, or one or more of such utility connections are not actively being billed by such utility provider to the real property (water service is exempt if real property has an active well);
The real property has been boarded up or otherwise sealed in order to prevent it from becoming unsecure or because such boarding up or sealing was ordered by the political subdivision pursuant to its applicable municipal, County, State or Federal police powers; or
The real property is condemned or otherwise declared a violation by the City of Albany.
(4) “Unsecure” or “unsecured” or “unsecure real property”
means an unoccupied real property that is open, compromised or breached in such a way as to allow unauthorized physical access to the interior space of the real property by persons. Such unsecure real property includes but is not limited to broken windows, doors, crawl spaces or any other opening in the real property.
(5) “Owner”
means the legal or equitable owner of real property, including a land contract vendee, tenant or lessee of the real property under a lease term of one year or more, a mortgagee in possession of a real property and any financial institution acquiring legal or equitable ownership in a real property. A financial institution in favor of which a foreclosure, receivership, quiet title or other transfer decree has been ordered by a board or court of competent jurisdiction with respect to real property shall be deemed an owner. In the case of multiple legal or equitable owners of a real property including a mortgagee in possession, each such owner shall be considered an owner of a real property, and subject to the requirements in this chapter.
(Ord. 5998 § 2, 2022)
