For any renter, being advised of an upcoming large rent increase can be a gut punch. Montgomery County, Maryland’s new rent stabilization law is now in effect.
Tuesday, the County Council adopted the regulations that allow Bill 15-23, which was approved a year ago, to be implemented.
Under the new law, the most a landlord is allowed to raise rent is 6%, or the rate of inflation plus 3%, whichever is less.
Newly-constructed rental units are exempt from the cap for 23 years as the county seeks to build 31,000 housing units by 2030.
Click here to read the rest of the article written by Neal Augenstein over at WTOP
