Submitted by: CM Danny Schaible
Submitting Department: Legislative
Agenda Section: Action
Item Title:
title
Hyattsville Rent Stabilization Ordinance
end
Suggested Action:
recommendation
I move that the Mayor and Council authorize the City Attorney to prepare an ordinance on regulating the annual rate of increase in rental prices in the City Hyattsville. The ordinance shall meet the following rent stabilization goals:
Rental Increase Allowance:
This ordinance shall:
? Authorize and require the City Administrator to set and publish a maximum allowable annual rent increase (MAARI). The MAARI shall be the maximum annual allowable percentage increase in price per unit for non-exempt rental properties within the City of Hyattsville.
? The MAARI shall be equal to the annual percentage increase in the Washington-Arlington-Alexandria, DC-VA-MD-WV Consumer Price Index for All Urban Consumers (CPI-U), from November to November of the two most recent calendar years, rounded to the nearest whole number, and shall be effective for a twelve-month period beginning January 1.
? In addition to rent increases, the MAARI shall include and regulate all increases to fees associated with rental properties, including but not limited to fees associated with utilities, parking, amenities, and pets.
Exemptions:
The following classes of rental properties and rental agreements shall be exempt from the limit imposed through the MAARI.
? Rental properties less than 15 years old.
? Buildings with 4 or fewer units.
? Owner-occupied where the tenants share a kitchen or bathroom with the owner.
? Short-term leasing agreements. (Defined as leases for 30 days or less, published via short-term leasing platforms such as Airbnb) Extensions of leases beyond 120 days will make the unit subject to the Rent Allowance clauses prescribed.
? Accessory apartments and dwelling units.
? Units that are subsidized or regulated by federal, state, county, or local guidelines. This exemption does not apply ...
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