2811. RENT REGULATORY AGREEMENT

2811 RENT REGULATORY AGREEMENT 2811.1 Each owner of a property containing rental units in addition to the owner-occupied unit who receives assistance for repairs benefiting those rental units shall be required to sign a rent regulatory agreement with the Department specifying affordability and relocation benefit requirements affecting those units. The rent regulatory agreement shall be on a form prescribed by the Department. 2811.2 The provisions of § 2811.1 may be waived by the Director, if necessary, to achieve the objectives of the Program. 2811.3 The Department may require an owner, if applicable, to provide a rent control registration statement, copies of which shall be supplied to all tenants by the owner. 2811.4 Owners shall authorize DHCD to monitor rental units annually. 2811.5 Failure to comply with rent regulatory agreement conditions by the borrower may result in recall of the total balance of the loan. SOURCE: Notice of Final Rulemaking published at 29 DCR 5394, 5404 (December 10, 1982); as amended by Notice of Emergency Rulemaking published at 50 DCR 10182, 10183 (November 28, 2003); as amended by Notice of Final Rulemaking published at 51 DCR 11064 (December 3, 2004).