(a) This subchapter shall not apply to dwelling units owned by an individual, if the individual, his or her spouse and minor children, and any and all partnerships, corporations, or other legal entities formed for the purpose of renting dwelling units and of which they are officers, owners, or majority shareholders own, or collectively own, five (5) or fewer dwelling units.
(b) This exemption does not apply to units for which management, including rent collection, is performed by third persons for a fee.
Section: Previous 18-16-302 18-16-303 18-16-304 18-16-305 18-16-306 NextLast modified: November 15, 2016