Page:United States Statutes at Large Volume 62 Part 1.djvu/125

 62 STAT.] 80TH CONG., 2D SESS.--CH. 161-MAR. 30, 1948 in paragraph (3) of this subsection, applicable with respect to land- lords and tenants who have not heretofore entered into voluntary leases, except that no maximum rent need be in effect on the date of execution of such new lease. "(3) In any case in which a landlord and tenant (including any new tenant) on or before December 31, 1948, voluntarily enter into a valid written lease in good faith (at any rental agreed upon in the lease, but not in excess of 15 per centum over the maximum rent which in the absence of a lease would be in effect with respect thereto on the date of enactment of the Housing and Rent Act of 1948) with respect to any housing accommodations for which a maximum rent is in effect under this section, and such lease takes effect on or after the effective date of the Housing and Rent Act of 1948 and expires on or after December 31, 1949, and if a true and duly executed copy of such lease is filed, within fifteen days after the date of execution of such lease, with the Housing Expediter, such housing accommodations shall not thereafter be subject to any maximum rent established or maintained under the provisions of this title unless such lease is terminated before March 31, 1949. If any such lease is so terminated the maximum rent (unless a subsequent lease entered into under the provisions of this paragraph is in force) shall be not in excess of 15 per centum over the maximum rent which in the absence of a lease would be in effect with respect thereto on the date of enactment of the Housing and Rent Act of 1948. "(4) A landlord shall file a report with the Housing Expediter of any termination of a lease entered into under this subsection prior to the expiration date of the lease, including leases entered into under this subsection prior to the date of enactment of the Housing and Rent Act of 1948. Such report shall be filed within fifteen days after such termination or fifteen days after the effective date of such Act, which- ever is the later date." (c) Section 204 (c) of such Act, as amended, is amended to read as follows: "(c) The Housing Expediter is hereby authorized and directed to remove any or all maximum rents before this title ceases to be in effect, in any defense-rental area or portion thereof or with respect to any class of housing accommodations in any such area or portion thereof if in his judgment the need for continuing maximum rents in such area or portion thereof or with respect to such class of housing accom- modations no longer exist, due to sufficient construction of new housing accommodations or when the demand for rental housing accommoda- tions has been otherwise reasonably met. The Housing Expediter shall from time to time make surveys with a view to carrying out the purpose of this subsection to decontrol housing accommodations at the earliest practicable time." (d) Section 204 (e) of such Act, as amended, is amended to read as follows: "(e) (1) The Housing Expediter is authorized and directed to create in each defense-rental area, or such portion thereof as he may designate, a local advisory board, each such board to consist of not less than five members who are citizens of the area and who, insofar as practicable, as a group are representative of the affected interests in the area, to be appointed by the Housing Expediter, from recommen- dations made by the respective Governors: Provided, That in any case where the Governor has made no recommendations for original appointments to local boards or appointments to fill vacancies, within thirty days after request therefor (subsequent to the date of enact- ment of the Housing and Rent Act of 1948) from the Housing Expe- diter, the Housing Expediter shall without such recommendations appoint the original members of such boards or such members as may 95 Lease entered into on or before Dec. 31, 1948. Termination. Filing of report. 61 Stat. 198. 50 U.S. C., Supp.I, app. § 1894 (c). Removal of maxi- mum rents in defense- rental area. Surveys. 61 Stat. 198. 50 U. S. C., Supp. I, app. 1 1894 (e). Local advisory board.

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