9.04.195 Rental of real property.

A.    Every person engaged in the business of renting or letting a building structure or other property, or a portion of such building, structure or property, within the City for any purpose, except property designated for and used exclusively for residential use which contains fewer than three dwelling units, shall pay an annual license fee as provided in Section 9.04.240 for each thousand dollars of gross receipts.

B.    Every person engaged in the business of providing lodging for five or more persons, for direct or indirect compensation, shall pay an annual license fee as provided in Section 9.04.240 for each thousand dollars of gross receipts.

C.    A lessor may exclude from gross receipts any receipts received which represent rent for the use of space by the lessor, by a partner, when the lessor is a partnership, or by an affiliated corporation, as defined in Section 9.04.025(I).

D.    A lessor may not combine returns, or include income derived from real property rental with income from other business activities taxed under other provisions of this chapter. A separate license is required for each building or structure or lodging property, subject to business license taxation, as provided in this section. (Ord. 6231-NS § 2, 1994: Ord. 5017 § I (part), 1977)