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574
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<br />submission of acceptable documentary proof thereof, obtain a
<br />single consolidated business license tax assessment.
<br />
<br /> "Rental Of Residential Real Estate" shall 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, premises 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 />
<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.
<br />
<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 dwelling, building, structure or premises may,
<br />upon 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 dwellings, buildings, structures or
<br />premises located on the same property, then the owner-lessor or
<br />leaseholder-lessor owning or controlling said dwellings,
<br />buildings, structures or premises may, upon submission of
<br />acceptable documentary proof thereof, obtain a single
<br />consolidated business license tax assessment.
<br />
<br />Nothing in this section shall be construed to require the payment
<br />of a business license tax where any owner or leaseholder resides
<br />in a single family residence or other undivided single
<br />residential rental premises and participates with one or more
<br />other co-residents in the shared cost of said premises. Neither
<br />shall this section be construed to require the payment of a
<br />business license tax for the rental of a single family residence
<br />or other undivided single residential rental premises as between
<br />an owner or leaseholder and any individual immediately related by
<br />blood, adoption, or marriage to said owner or leaseholder, where
<br />the renumeration rendered to said owner or leaseholder does not
<br />exceed the cost of said premises.
<br />
<br />Eligibility for the business license fee exemption herein
<br />provided is restricted to owners or leaseholders who are natural
<br />persons and whose ownership of, or leasehold interest in, said
<br />residential rental property is undivided.
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