To ensure that the commission is performing rent reviews in a timely manner, it should review its database and correct the "Next Rent Review" date so that rent reviews are scheduled to take place every five years.
Commission staff has completed verification all of the rent reviews posted to the database. Data gaps were found in some transitional records; those that were being processed at the time of data conversion. All revenue producing leases were reviewed to ensure there was a rent review date. Those that did not show a rent review date in the database were individually verified to determine if a rent review was required. Leases having an annual fixed percentage or inflation adjustment will not require a rent review. Leases that were expired or in negotiations will not have a rent review date until new lease is executed. Corrections were made as appropriate. These and other data elements are continuing to be reviewed for accuracy.
Agency responses received are posted verbatim.