A.
An applicant, individual, organization, partnership or corporation which establishes, conducts or operates an apartment rental business or office shall, prior to opening said business or office:
(1)
Register with the City Clerk the names and addresses of all individuals involved with the business or office.
(2)
Provide the City Clerk the specific location(s) of the proposed business or office.
(3)
Post a bond in the amount of $10,000 with the Office of the City Clerk (to be placed in an interest-bearing account payable to the applicant subject to § 83-2 if posted directly by the applicant.
(4)
Pay a fee of $50.
B.
"Apartment rental business or office" shall not include any business or office which receives a payment conditioned upon the actual rental of a dwelling unit. "Apartment rental business or office" shall mean any business or office receiving payment in exchange for one or more addresses of dwelling units supposedly available for rental purposes.
C.
It shall be unlawful for any apartment rental business or office to advertise, offer or sell one or more addresse(es) of dwelling units supposedly available for rental purposes, which address or addresses are not bona fide available rental units.