In order to allow for more time to tweak a measure that would change the Downtown apartment rental season, the City Council voted to refer it to their Oct. 19 meeting late Tuesday night.
Shortly before midnight , Ald. Mike Verveer, 4th District, motioned to refer the measure that would move back the period when landlords can start showing and leasing occupied apartments for next year’s rental cycle to the third week in January.
Currently, landlords are allowed to begin showing and leasing after 25 percent of the current lease has expired, which falls on or near Nov. 15.
Alds. Verveer and Bridget Maniaci, 2nd District, who sponsored the measure, amended the language from 25 to 45 percent in the referred measure.
Many students who testified said they had received e-mails from rental companies urging them to sign leases as early as late September, which they said is too soon after moving to Madison to worry about where to live and who to live with the next year.
But opponents said it would increase prices due to shorter shopping time, take away the jobs of leasing consultants and penalize Downtown residents who want to rent early.