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(fl <br />LS 7.16. 15 <br />(4) Inheritance of Inclusionary Units. Upon the death of an owner of an owner - <br />occupied Inclusionary Unit, title in the property may transfer to the surviving <br />joint tenant or heir (in the case of the death of a sole owner or all owners of <br />the household.) <br />(5) Forfeiture. If an Inclusionary Unit for sale is sold for an amount in excess of <br />the resale price controls required by this Section, the buyer and the seller <br />shall be jointly and severally liable to the City for the entire purchase price of <br />the unit. Recovered funds shall be deposited into the Inclusionary Housing <br />Fund. Notwithstanding the foregoing, it shall be within the discretion of the <br />E�eGtN DiTeuter City Council to allow the buyer and seller to cure any <br />violation of the resale price controls within 180 days. <br />Rental units. <br />(1) Time limit for inclusionary restrictions. A rental unit shall remain restricted to <br />the target income level group at the applicable affordable housing cost, for 55 <br />years. <br />(2) Certification of renters. The owner of any rental Inclusionary Units shall <br />certify, on a form provided by the City, the income of all members of the <br />household above the age of 18 at the time of the initial rental and annually <br />thereafter. <br />(3) Forfeiture. Any lessor who leases an Inclusionary Unit in violation of this <br />Article shall be required to forfeit to the City all money so obtained. <br />Recovered funds shall be deposited into the Inclusionary Housing Fund. <br />(g) The Executive Director <br />documents are required <br />limited to promissory no' <br />options to purchase, an <br />Inclusionary Units, <br />(h) General Prohibitions. <br />may require the execution and recording of whatever <br />to ensure enforcement of this Section; including but not <br />=s, deeds of trust, resale restrictions, rights of first refusal, <br />/or other documents, which shall be recorded against all <br />(1) No person shall sell or rent an Inclusionary Unit at a price or rent in excess <br />of the maximum amount allowed by any restriction placed on the unit in <br />accordance with this Article. <br />(2) No person shall sell or rent an Inclusionary Unit to a person or persons that <br />do not meet the income restrictions placed on the unit in accordance with <br />this Article. <br />50A -20 <br />