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General Property Management
Rent Increase
L
Lester A
started a topic
almost 16 years ago
What is the maximum rent increase allowable in Baltimore, MD.
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D
Donna
said
over 14 years ago
Much of this depends on the lease you have. IF your lease specifies the number of occupants that are permitted and your tenant wants to change that, than you will be able to negotiate with the tenant for the amount per month to add an additional tenant. I personally, would make sure and run a credit check on the new tenant and then come up with a reasonable and agreeable increase.
D
Denise S
said
almost 15 years ago
Negotiation is always an option for landlord and tenant. But BEWARE, a tenant that is already behind on rent and cannot afford the current rent will probably not be able to afford a higher rent. You would probably be better off evicting the current tenants and then re-renting at a higher rent. If you mean you want to set up monthly payments and build it in to the rental amount, therefore increasing the monthly rent....you can do that by just drafting a letter or a new lease and having the tenant sign it.
D
Donald G
said
almost 15 years ago
Thanks , I know what to do , I just thought instead of eviction I could ease the problem some what , thanks
S
Stan M
said
almost 15 years ago
Donald, How many months and $$$ behind in rent are tenants
D
Donna
said
almost 15 years ago
Maryland state law has no rent control provisions, although local jurisdictions may have rent control laws. The statewide Rent Control Law expired in 1975, and similar rent control ordinances have expired in Baltimore City, Montgomery County and Prince George’s County. Montgomery County does have a Voluntary Rent Guideline Law that is administered by the Office of Landlord Tenant Affairs (OLTA) and requires landlords to report rental increases. OLTA, however, currently has no authority to order rent rollbacks or to prevent landlords from increasing rent above the voluntary guidelines. Baltimore County has a similar Voluntary Rent Control Commission that simply monitors rent increases in excess of the inflation rate.
D
Donna
said
almost 16 years ago
Maryland state law has no rent control provisions, although local jurisdictions may have rent control laws. The statewide Rent Control Law expired in 1975, and similar rent control ordinances have expired in Baltimore City, Montgomery County and Prince George’s County. Montgomery County does have a Voluntary Rent Guideline Law that is administered by the Office of Landlord Tenant Affairs (OLTA) and requires landlords to report rental increases. OLTA, however, currently has no authority to order rent rollbacks or to prevent landlords from increasing rent above the voluntary guidelines. Baltimore County has a similar Voluntary Rent Control Commission that simply monitors rent increases in excess of the inflation rate.
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