Maryland HB1460 regulates investor-owned single-family rental properties by setting rent limits, requiring landlord disclosures, and establishing a.
Maryland HB1460 introduces regulations for investor-owned single-family rental properties. It mandates landlords to submit specific information to the Department of Housing and Community Development. The bill sets a maximum allowable rent, which is the greater of 120% of the fair market rent or 120% of the last recorded sale price divided by 12. Landlords must disclose the fair market rent, the last sale price, and the maximum allowable rent to tenants or prospective tenants.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.