The Rent Control Board will take up the issue of corporate tenants tonight, nearly a month after a newly remodeled rent control building on Tenth Street appeared on corporate housing websites. Chairperson Anastasia Foster and Commissioner Nicole Phillis placed the discussion item on tonight’s agenda regarding a “prohibition of rental of controlled units as corporate housing.”

At the moment, there is no regulation to prevent a company from becoming a tenant in a rent control building.  Once a corporation is on the lease, they have the same protections as a person – including a cap on annual increases and protections from eviction. It is up to the landlord whether to allow subleases in the units, but otherwise, corporations are free to offer the space to traveling employees.

“Commissioner Phillis and I want to see if a majority of the Board has any interest in taking up a regulation to prevent corporate rentals in rent-controlled units,” Foster said in an email to the Daily Press.

Read More: http://smdp.com/rent-control-board-to-discuss-potential-corporate-housing-ban/167487