Agenda Packet_2023-05-16 - Laserfiche WebLink

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(c) Pursuant to the Tenant Protection Act of 2019, Civil Code section 1947.12(d), the provisions of this ordinance regulating the amount of Rent that a Residential Real Property Owner may charge shall not apply to the following: (1) Housing restricted by deed, regulatory restriction contained in an agreement with a government agency, or other recorded document as affordable housing for persons and families of very low, low, or moderate income, as defined in Section 50093 of the Health and Safety Code, or subject to an agreement that provides housing subsidies for affordable housing for persons and families of very low, low, or moderate income, as defined in Section 50093 of the Health and Safety Code or comparable federal statutes. (2) Dormitories owned and operated by an institution of higher education or a kindergarten and grades 1 to 12, inclusive, school. (3) Housing that has been issued a certificate of occupancy within the previous 15 years. (4) Residential Real Property that is alienable separate from the title to any other dwelling unit, provided that both of the following apply: A. The Owner is not any of the following: A A real estate investment trust, as defined in section 856 of the Internal Revenue Code. ii. A corporation. iii. A limited liability company in which at least one member is a corporation. The Tenants have been provided written notice that the Residential Real Property is exempt from this section using the following statement: "This property is not subject to the Rent limits imposed by Santa Ana Municipal Code section 8- 3140 and the Owner is not any of the following: (1) a real estate investment trust, as defined by section 856 of the Internal Revenue Code; (2) a corporation; or (3) a limited liability company in which at least one member is a corporation." Ordinance No. N5-3027 Page 32 of 43 City Council Page 118 oP1-3a 22 5/16/2023