Renting, leasing or subletting of any dwelling, including without limitation any single-family home or any residential apartment or other residential unit in any two-family, three-family or other multiresidential building, by any owner, tenant or occupant of such dwelling to another person or persons or entity for 180 consecutive days or more while the owner does not occupy the dwelling is a permitted use. No person shall rent, lease or sublet any such dwelling for a term less than 180 consecutive days.

Any rental, lease or sublease permitted under the preceding subsection shall be subject to the provisions of Chapter 146, Rental Dwelling Units, of this Code.

If this section causes a significant hardship to any property owner, then the owner may make written application to the Board of Trustees requesting an exemption from the provisions of this section. After due notice and a public hearing on such application, the Board of Trustees may grant such exemption and impose any conditions as may be deemed reasonable or necessary. No exemption shall be granted pursuant to this section except upon a determination in the sole discretion of the Board of Trustees that significant hardship to the applicant results from the application of the provisions of this section to the applicant, and that, under all relevant circumstances, such exemption is not likely to adversely impact the health, safety or welfare of the Village or its residents. In rendering its decision on any application for an exemption, the Board of Trustees will consider whether the applicant has previously requested exemptions, because the frequency of exemptions granted may impact the health, safety or welfare of the Village or its residents.

Notwithstanding any contrary provision contained in § 175-96 of this chapter, each and every violation of, or failure to comply with, any provision of this § 175-100 shall constitute a violation, punishable as follows: for a conviction of a first offense, by a fine not more than $7,500, or imprisonment for a period not to exceed 15 days, or both such fine and imprisonment; for a conviction of a second offense, both of which were committed within a period of five years, by a fine not less than $7,500, nor more than $15,000, or imprisonment for a period not to exceed 15 days, or both such fine and imprisonment; and, for a conviction of a third or subsequent offense, all of which were committed within a period of five years, by a fine not less than $15,000, nor more than $30,000, or imprisonment for a period not to exceed 15 days, or both such fine and imprisonment. Each week's continued violation shall constitute a separate additional violation hereunder. For each and every violation hereunder, the owner of a building or premises where any such violation has been committed, or shall exist, and each of the lessee or tenant of an entire building or entire premises where any such violation has been committed or shall exist, and each of the owner, lessee or tenant of any part of a building or premises in which part any such violation has been committed or shall exist, and each other person who knowingly commits, takes part or assists in any such violation, or who maintains any building or premises in which any such violation shall exist, shall be liable hereunder with respect to such violation.