Fiscal Note
No appropriation is required.
Title
5TH SUBSTITUTE Repealing and recreating Sec. 32.12(9) of the Madison General Ordinances to modify the regulations for re-renting rental premises.
Body
DRAFTER'S ANALYSIS: Currently, a landlord may not enter into a new lease for the premises until one-fourth (1/4) of the lease period has passed. This amendment adds language prohibiting a landlord from offering a lease renewal for the subsequent year to the current tenant until one-fourth (1/4) of the lease has passed. If the landlord offers a renewal, the tenant has 15 days to accept the renewal offer and the landlord may not lease the premises to another tenant during that period. The effective date of this ordinance is March 1, 2011.
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The Common Council of the City of Madison do hereby ordain as follows:
1. Subsection (9) of Section 32.12 entitled “Prohibited Practices” of the Madison General Ordinances is amended to read as follows:
“(9) Landlord and Tenant shall enter into a Non Standard Rental Provision, in the manner prescribed in Sec. 32.07(14)(f), Madison General Ordinances, that provides that Landlord will not enter into an agreement to rent the leased pr...
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