A webpage to provide Mountain View Rental Housing Committee agendas and staff reports in HTML and mobile responsive format. In BETA.
WHEREAS, The Community Stabilization and Fair Rent Act (CSFRA) is effective and the Rental Housing Committee has been appointed; and
WHEREAS, The CSFRA provides for landlords and tenants to file petitions for individual rent adjustments with the Rental Housing Committee; and
WHEREAS, the Rental Housing Committee is required to promulgate regulations regarding procedures for petitions for individual rent adjustments filed under the CSFRA; and
WHEREAS, the Rental Housing Committee previously adopted Fair Return Standard regulations, and directed staff to develop “Vega Adjustment” options as authorized by case law and Constitutional principles for inclusion in those regulations, which provides an adjustment methodology to address situations where a landlord’s base year net operating income is unreasonably low because the gross income from the property is unreasonably low; and
WHEREAS, the Rental Housing Committee held a publicly noticed meeting and solicited input on various Vega Adjustment methodologies;
NOW, THEREFORE, BE IT RESOLVED by the Rental Housing Committee that the following regulations are hereby adoptedand incorporated into Chapter 6 of the Regulations, Fair Return Standard:
Exhibit: A.Chapter 6, Section G: Vega Adjustment
Last updated on 8/24/2017