What is the occupancy period on a rental MPDU, and what does it mean?

The occupancy period is a set period of time beginning on the initial occupancy date of the rental MPDU and 99 years into the future. If the MPDU lease is terminated within the occupancy period, the units must be rented to another MPDU client at a price determined by the city. Once the 99-year occupancy period ends the rental unit will be put on the available for rent list at market rate. However this does not apply to Bell Annapolis on West which was built prior to the MPDU code amendment in 2019. Currently the occupancy for Bell Annapolis on West ends July 28, 2026.

Show All Answers

1. How are the prices of rental units determined?
2. What is the occupancy period on a rental MPDU, and what does it mean?
3. What other monthly costs, besides a rental payment, must I pay if I rent an MPDU?
4. Do you check the eligibility of renters once they are living in an MPDU?
5. What happens if a certificate holder wants to move out of their apartment when their lease expires?