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(4) Residential Real Property that is alienable separate from the title to <br />any other dwelling unit, provided that both of the following apply: <br />A. The Owner is not any of the following: <br />i. A real estate investment trust, as defined in section 856 <br />of the Internal Revenue Code. <br />ii. A corporation. <br />iii. A limited liability company in which at least one member <br />is a corporation. <br />i. The Tenants have been provided written notice that the <br />Residential Real Property is exempt from this section <br />using the following statement: <br />"This property is not subject to the Rent limits <br />imposed by Santa Ana Municipal Code section 8- <br />3140 and the Owner is not any of the following: (1) a <br />real estate investment trust, as defined by section 856 <br />of the Internal Revenue Code; (2) a corporation; or (3) <br />a limited liability company in which at least one <br />member is a corporation." <br />ii. For a Tenancy existing before the effective date of this <br />ordinance, the notice required under clause (i) may, but <br />is not required to be provided in the Rental Agreement. <br />iii. For a Tenancy commenced or renewed on or after the <br />effective date of this ordinance, the notice required under <br />clause (i) must be provided in the Rental Agreement. <br />(5) A property containing two separate dwelling units within a single <br />structure in which the Owner occupied one of the units as the <br />Owner's principal place of residence at the beginning of the <br />Tenancy so long as the Owner continues in occupancy, and neither <br />unit is an accessory dwelling unit or a junior accessory dwelling <br />unit. <br />Section 8-3148 — Rent Increase Ineffective. <br />No Rent Increase shall be effective if the Owner: <br />Ordinance No. NS - <br />City Council 16 — 37 1 / Fff <br />f 43 <br />