[Amended 5-9-2024 by Ord. No. 24-28]
As used in this chapter, the following terms shall have the meanings indicated:
CAPITAL IMPROVEMENTSA permanent improvement that is reasonably expected to last more than one year. The improvement must benefit the dwelling and must be subject to allowances and depreciation under the United States Internal Revenue Code, except that any improvement in a Historic District established by the City, other than painting, may be considered a capital improvement according to the Rent Stabilization Ordinance, without regard to its status under federal or state tax law.
COMMERCIAL USEAny use for nonresidential business activity such as retail, office, warehouse or similar uses. Whenever an entire building is rented to a single tenant for a combination of commercial and residential uses under a single lease without an allocation of the rental between the commercial and residential portions, the entire tenancy shall be deemed to be commercial and exempted under the definition of "dwelling."
DEPRECIATIONThe cost of an asset whose term of life is more than one year, the expense of which shall be in accordance with the applicable time schedules then in existence under the United States Internal Revenue Code.
DISABLED TENANTA person who has been deemed 100% disabled by the United States government or an agency operating, under its authority.
DWELLINGAny building or structure rented to one or more individuals or households. Exempt from this chapter are owner-occupied one- and two-family dwellings; public or other federally subsidized housing; any motel, hotel or other premises primarily serving transient guests; or any portion of a building or structure rented for commercial use. Newly created housing units, whether through new construction or conversion from nonresidential use and rented for the first time, are exempt, and the initial rent may be established by the landlord without reference to the provisions of this chapter. All subsequent changes in rent in such units will be subject to the provisions of this chapter.
DWELLING UNITThat portion of a dwelling rented or offered for rent for living and dwelling purposes to one individual or household unit, together with all privileges, services, furnishings, furniture, equipment, facilities and improvements connected with the use or occupancy of such portion of the property.
LANDLORDAny person who, under written or oral agreement, leases real property to another either as lessor or sublessor. When used in relation to petitions for rent increases, the term "landlord" shall include any person who is either a contract purchaser or assignee of the landlord regarding such real property that is the subject of the petition, and who has the written consent of the landlord to petition the Rent Stabilization Board for relief.
PRESENT ANNUAL RENTAL VALUEThe sum of money actually charged as rent for the rental unit calculated on the basis of one year's occupancy, whether or not actually rented. The current fair market rental value of the unit as determined by the Board shall be deemed to be the present annual rental value of any unit not actually rented at the time in question.
RENTAL SPACEThe total portion of a dwelling rented or offered for any purposes or uses, including commercial, professional, industrial or residential.
RENTAL UNITAny space in a dwelling, whether or not governed by this chapter, offered for rent or actually rented as residential, commercial or other space as a single, individual unit.
SENIOR CITIZEN TENANTA person who is at least 62 years of age on the date of the expiration or termination of a formal lease or a periodic tenancy.
TENANTA person who is under 62 years of age on the date of the expiration or termination of a formal lease or a periodic tenancy.
UNIT TAX BURDENThat portion of the total local real estate taxes assessed against a dwelling which is allocable to each separate rental unit as determined by reference to the following formula: divide the total present tax assessment levied upon the entire dwelling by the sum of the present annual rental value of every rental unit therein and multiply the number thus obtained by the present annual rental value of each unit.