After unanimous approval, the measure heads to Mayor Michael Hancock’s desk. He “is not opposed,” a spokeswoman said, and will likely sign it into law.
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Stacie Gilmore said there are only estimates of how many long-term rental properties there are in Denver, and they range from 37-50% of total residential properties.
Council president touts rental license plan but industry voices concerns
Guerilla Capturing photo)
Citing a need to broadly overhaul regulation of the city’s estimated 50,000-plus rental housing market, Denver City Council President Stacie Gilmore on Wednesday presented her proposal to institute a license requirement for rental properties to her colleagues.
The Denver Metro Association of Realtors and the Colorado Apartment Association were among those voicing opposition.
Gilmore’s proposal, titled Healthy Residential Rentals for All, would be by far the largest single licensing program in the city, and the largest expansion of required licensing in Denver’s history.
It would obligate landlords to get a license from the city for each of their rental properties every four years, a process that would require an inspection of the property.