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101
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<br />subletting, providing, exchanging or trading, without loss of
<br />ownership or leasehold, of any real property, dwelling, building,
<br />structure, premises or portion thereof to another for the purpose
<br />of their independent commercial ope~ration of an apartment
<br />building, apartment house, boarding house, guest house, mobile
<br />home park, nursing home, residential care facility, rooming
<br />house, or hotel or motel thereat, shall be deemed to constitute a
<br />rental of commercial real estate.
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<br />The license tax for the rental of commercial real estate shall be
<br />assessed per property and liability for said tax shall be
<br />determined by owner-lessor's ownership of, or leaseholder-
<br />lessor's leasehold interest in, said property. Independent
<br />property management agemts acting for property owner-lessors or
<br />property leaseholder-lessors are responsible for payment of the
<br />license tax on the rental of such property, if the owner-lessor
<br />or leaseholder-lessor of said property has not paid the tax when
<br />due and payable, and in addition, are subject to the license tax
<br />as a separate business.
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<br />Provided, however, that where any one dwelling, building,
<br />structure or premises is comprised of one or more contiguous
<br />properties then the owner-lessor or leaseholder-lessor owning or
<br />controlling said building, structure or premises may, upon
<br />submission of acceptable documentary proof thereof, obtain a
<br />single consolidated business license tax assessment. Further
<br />provided that where an owner-lessor or leaseholder-lessor owns or
<br />controls two or more separate buildings, structures or premises
<br />located on the same property, or two or more buildings,
<br />structures or premises located on separate but contiguous
<br />properties, then the owner-lessor or leaseholder-lessor owning or
<br />controlling said buildings, structures or premises may, upon
<br />submission of acceptable documentary proof thereof, obtain a
<br />single consolidated business license tax assessment.
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<br /> "Rental Of Residential Real Estate sha 1 include every person,
<br />whether as an owner-lessor or leaseholder lessor, engaged in the
<br />business of leasing, renting, subleasing, subletting, providing,
<br />exchanging or trading, without loss of ownership or leasehold,
<br />any real property, dwelling, building, structure, premise, s or
<br />portion thereof, except for any hotel or motel, for the immediate
<br />purpose of dwelling, sleeping, lodging, boarding, or other such
<br />occupancy, accommodation, or general residency.
<br />The license tax for the rental of residential real estate shall
<br />be assessed per property and liability for said tax shall be
<br />determined by owner-lessor's ownership of, or leaseholder-
<br />lessors's leasehold interest in, said property, Independent
<br />property management agents acting for property owner-lessors or
<br />property leaseholder-lessors are responsible for payment of the
<br />license tax on the rental of such property, if the owner-lessor
<br />or leaseholder-lessor of said property has not paid the tax when
<br />due and payable, and in addition, are subject to the license tax
<br />as a separate business.
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<br />- 13
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