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Ordinance No. NS - ____ <br />Page 15 of 44 <br />bedrooms, including, but not limited to, an accessory dwelling unit or a <br />junior accessory dwelling unit. <br /> <br />6) A duplex in which the Owner occupied one of the units as the Owner’s <br />principal place of residence at the beginning of the Tenancy, so long <br />as the Owner continues in occupancy. <br /> <br />7) Housing that has been issued a certificate of occupancy within the <br />previous 15 years. <br /> <br />8) Residential Real Property that is alienable separate from the title to <br />any other dwelling unit, provided that both of the following apply: <br /> <br />A. The Owner is not any of the following: <br /> <br />i. A real estate investment trust, as defined in Section 856 <br />of the Internal Revenue Code. <br /> <br />ii. A corporation. <br /> <br />iii. A limited liability company in which at least one member <br />is a corporation. <br /> <br />B. <br />i. The Tenants have been provided written notice that the <br />Residential Property is exempt from this section using the <br />following statement: “This property is not subject to the <br />just cause requirements of Santa Ana Municipal Code <br />Chapter 8, Article XIX, Division 2. This property meets <br />the requirements of Santa Ana Municipal Code section 8- <br />3120(e)(8) and the Owner is not any of the following: (1) <br />a real estate investment trust, as defined by Section 856 <br />of the Internal Revenue Code; (2) a corporation; or (3) a <br />limited liability company in which at least one member is <br />a corporation.” <br /> <br />ii. For a Tenancy existing before the effective date of this <br />Ordinance, the notice required under clause (i) may, but <br />is not required to, be provided in the Rental Agreement. <br /> <br />iii. For any Tenancy commenced or renewed on or after the <br />effective date of this Ordinance, the notice required under <br />clause (i) must be provided in the Rental Agreement. <br /> <br />iv. Addition of a provision containing the notice required <br />under clause (i) to any new or renewed Rental <br />EXHIBIT 2