Residential Rental License
Applies To: People who are lessors of real property
Legal Definition: Each owner of residential real property in the City, who rents or leases such property to others as the lessor, whether directly or through an agent, shall obtain a business license and pay a business license fee to the City as provided for in Section 7.2 (Category 4). The business license fee for residential rental real property shall be due on the first business day of each calendar year, and such license fee shall become delinquent on the 15th day of February of each calendar year.
Simple Definition: If you own residential property and rent it to someone, then under City of Auburn Ordinance 1842, 1.5% of what you take in for the preceding year is due to the City.
Example: If you rent a house to someone and in calendar year 2016 you collected $12,000 in rent, then prior to February 15 you would owe the City $180.00 and $5.00 for the issuance fee to obtain the 2017 business license.