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Each multi-housing complex in the City, as defined herein, shall obtain and maintain in good order a rental-housing complex license issued by the City in accordance with the procedures of this title.

A. The fee for a rental-housing complex license shall be in accordance with LMC 3.20.010, the fee schedule, at least one copy of which shall be kept on file in the Office of the Lakewood City Clerk.

B. Each license issued under the provisions of this chapter shall expire one year from the date of issuance by the City, unless renewed. Upon renewal, each license shall be valid for an additional year from the date of expiration, unless suspended, revoked, closed, or invalidated by a change in business as defined in LMC 5.02.040. Any additional rules and regulations and conditional licenses imposed or stipulated to pursuant to LMC 5.02.150 shall remain in full force and effect unless expressly terminated in writing. [Ord. 548 § 10, 2012; Ord. 288 § 17, 2002; Ord. 255 § 1, 2001; Ord. 219 § 1, 1999.]