Sec. 6. Regulation of market-dominant landlords

241 words·~1 min read·/bill/116/hr/5072/ih/section-6

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The Secretary of Housing and Urban Development shall require each covered owner (as such term is defined in subsection (c)) to disclose to the Secretary, on a calendar quarterly basis, the following information for the preceding calendar quarter regarding rental dwelling units owned by the covered entity: The number and percentage of tenants that have been forced to vacate its units by court order or a threat that the entity would seek a court order. The median rent for all units.

Any code violations and efforts to remedy such violations. The median amount of fees and other monies paid by tenants to the covered owner other than monthly rent, actual utility charges and homeowners association fees, and security deposits. The most recent standard lease agreement used by the covered owner. The identity of the covered owner and its largest three shareholders, if the entity is owned by shareholders. The Secretary shall make the information submitted to the Secretary pursuant to subsection

(a)publicly available online. The Secretary shall update such information on a calendar quarterly basis and shall disaggregate such information by the smallest geographic area possible. The term covered owner means any person or entity that in aggregate owns or holds a controlling interest in any entity that, in aggregate, owns— more than 100 rental units that are located within in a single Metropolitan Statistical Area; more than 1,000 rental units nationwide; or rental units in three or more States.