As summer 2024 winds down, the implementation of new rent control laws has attracted much attention. Providing some respite from the summer’s rent control heat is a recent win for the multifamily industry coming from the...more
The City of Rockville and Montgomery County are addressing affordable housing with differing approaches. Both jurisdictions took action on rent control this summer, with plans for future legislation or applicable regulations...more
Rent control continues to be headline news, with local legislation being enacted and national legislation being proposed. The rent control law in Prince George’s County was enacted yesterday and it appears that the rent...more
On July 16, President Biden called on Congress to enact legislation to temporarily cap annual residential rent increases. Under the proposal, rental property owners with over 50 residential units in their portfolio would not...more
In 2023, Providence had the largest year over year residential rent increase compared to every other major U.S. city. Rising rental rates are not isolated to the Ocean State. Median residential rent prices increased in cities...more
Our recent Alert focused on the D.C. Housing in Downtown program, the Montgomery County Right of First Refusal legislation, rent control in Montgomery and Prince George’s Counties, the SCOTUS rent control challenge denial,...more
As a follow-up to our recent alert, here are some updates on regional and national legislative activity impacting real estate...more
Seyfarth Synopsis: Montgomery County has enacted a comprehensive rent stabilization law that will limit annual rent increases for rental housing in the County to three percent plus CPI, with a maximum limit of 6%. The law...more
Our prior Alerts discussed two very different legislative rent control proposals in Montgomery County, Maryland. The goal of one proposal was to prevent rent gouging in a manner that would not discourage investment in new and...more
Below is an update to our recent Multifamily Alerts. The July 18 Montgomery County work session may be of critical importance....more
In April, the U.S. consumer price index (CPI) rose 4.9%, down from 5% in March. This data was widely reported as the first time that CPI inflation was under 5% since June 2021. As demonstrated by this reduction, it appears...more
As a follow-up to our recent alerts, we wanted to provide an update on rent control in Mount Rainier, Maryland....more
With a population of 8,333 in the 2020 census consisting of 0.65 square miles of land, Mount Rainier is not a large city. However, as one of Maryland’s few incorporated cities, it has its own government. The city’s...more
A countywide eviction moratorium is also extended until March 31, 2023. The Los Angeles City Council recently passed a package of ordinances aimed at providing residential tenants in Los Angeles (the City) with permanent...more
On Monday, Jan. 23, 2023, 24 Democrats in the Colorado state legislature introduced House Bill 23-1115 that, if passed into law, would eliminate the state’s statutory prohibition on rent control. Newly elected Reps. Javier...more
Many people say real estate is a good hedge against inflation. Many think rents and, therefore, real estate values will continue to increase with the cost of living. Rising multifamily rents have caused some to advocate for...more
The term "Rent Controls" refers to measures designed to restrict the amount of rent that a landlord can charge a tenant for residential premises. Rent control measures appear in various forms across Europe, ranging from...more
While the focus in November is on the top of the ticket, Californians also face a long list of ballot measures. Here we focus on three major measures that impact California real estate: Propositions 15, 19 and 21....more
On Tuesday, September 1, the Trump administration announced an order, put forward by the Centers for Disease Control and Prevention, that claims to suspend residential evictions through the end of the year for many tenants...more
The Texas Supreme Court has extended the moratorium on residential eviction procedures for CARES Act applicable residences until September 30, 2020, offering a few more weeks of relief to certain renters as the economic...more
A recent California Appellate Court decision provided tenants with additional protections when it clarified that local rent control laws applied to a single-family home in which the landlord rented rooms in the home to...more
The Situation: Over the past decade, Berlin has experienced a significant rent increase for residential space though rents still remain significantly lower than rents in other European capitals. On January 30, 2020, the...more
There has been significant research questioning the efficacy of rent control laws in maintaining affordable housing. Indeed, some studies have concluded that such laws adversely impact the supply of affordable rental housing...more
With the enactment of the Tenant Protection Act, California now has a combination of eviction protection for residential tenants and vacancy decontrol, consisting of regulation of rent increases during the tenancy, which is...more
Applicability of California’s Rent Control Laws: California Civil Code Sections 1946.2 and 1947.12 took effect on January 1, 2020, and implement statewide rent control in California for most residential properties. The rent...more