Sec. 2-201. - Obligations of the parties.

(a)

If a final decision by an arbitrator finds that a proposed increase or any portion thereof that was previously inoperative is justified, the resident shall pay the amount found justified to the owner within thirty (30) days after the decision is made.

(b)

If a final decision by an arbitrator finds that an increased, or any, portion thereof is not justified, the owner shall refund any amount found to be unjustified, but that had been paid, to the resident within thirty (30) days after the decision is made. If such refund is not made within thirty (30) days, the resident may withhold the amount from the next space rent(s) due until the full amount of the refund has been made. Notwithstanding the foregoing, in the event that the tenancy of resident is terminated for any reason prior to full credit against rent, the balance of the credit due the resident shall be paid by the owner within thirty (30) days from the date of the terminations of the tenancy.

(c)

Any sum of money that under the provisions of this section is the obligation of the owner or resident, as the case may be, shall constitute a debt and, subject to the foregoing provisions of this section, may be collected in any manner provided by law for the collection of debts.

(Ord. No. 6450, § II, 11-7-2023)