News & Analysis as of

Rental Property Rent

Ballard Spahr LLP

Prince George’s County Anti-Gouging Bill and Rent Control Guidance; Montgomery County Term Limits and Troubled Properties...

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With another interest rate cut, the capital markets appear to be more promising for real estate transactions; time will tell how this month’s elections will impact the real estate industry. ...more

BCLP

The High Street is Feeling the Love… Or Is It?

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It’s “Love your High Street Week”! So, what better way to start the week than to consider two significant legal reforms announced by the government last week, that are intended to boost and revitalise the High Street...more

Jones Day

The UK Renters' Rights Bill 2024: What You Need to Know

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The Renters' Rights Bill 2024 proposes to introduce important changes to the UK rental market affecting both the build-to-rent and purpose-built student accommodation ("PBSA") sectors alike....more

Ervin Cohen & Jessup LLP

Landlord: Look Out and Take Notice

Lawyers love obscure rules about giving three-day notices—the kind that California landlords hate. The decision in City of Alameda v. Sheehan, published September 13, 2024, teaches that there is a wrong way to issue a notice...more

White & Case LLP

Limits on Rent Increases in Mexico City

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The Civil Code for the Federal District is amended to prevent rent increases for residential properties from exceeding the inflation rate reported by the Bank of Mexico. On August 28, 2024, the Official Gazette of Mexico...more

Ballard Spahr LLP

Multifamily Update-Rent Control Portal, Eviction Reforms, Shelf and Conversion Condos, BEPS, Vacancy Control, Just Cause...

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On the multifamily front, transactions are picking up. The benefits of the interest rate cut by the Fed are offset somewhat by the increasingly complex legal and regulatory environment impacting multifamily properties,...more

Ballard Spahr LLP

Landlords’ Takings Clause Victory; Rent Control Updates for Montgomery County and Prince George’s County; Condo Conversion...

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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

Lerch, Early & Brewer

Rockville and Montgomery County Take Differing Approaches to Rent Stabilization

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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

BCLP

Renters' Rights Bill

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On 17 July 2024, the King announced a new Renters’ Rights Bill (“RRB”) to be introduced “to give greater rights and protections to people renting their homes...” The RRB has not yet been published however the background...more

Ballard Spahr LLP

National Rent Control, Prince George’s County Enacts New Rent Control, Montgomery County Poised to Adopt Regulations for Rent...

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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

Brownstein Hyatt Farber Schreck

Biden Calls for Restrictions on Rent Increases

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

Ballard Spahr LLP

Maryland Rent Control, DC Lease Assignment Tax, and Increased Indemnity Deed of Trust Threshold

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Rent control laws continue to evolve in Montgomery and Prince George’s Counties. The rent control law enacted last year in Montgomery County will become effective once regulations are adopted. Our recent Alert discussed these...more

Ballard Spahr LLP

Proposed Rent Control Regulations Under Review by the Montgomery County Council

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On Friday, June 14, 2024, the Montgomery County Department of Housing and Community Affairs (DHCA) delivered proposed regulations to the Montgomery County Council (Council) for review and consideration. The proposed...more

Brownstein Hyatt Farber Schreck

CA Security Deposit Limits Effective 7/1

Effective July 1, 2024, California residential landlords will generally only be able to charge security deposits equal to one month’s rent with some exceptions for smaller landlords. This is pursuant to Assembly Bill 12...more

Ballard Spahr LLP

New Prince George's County Rent Control Legislation and Other Updates

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Our prior Alert discussed the Prince George’s County temporary extension of rent control, Montgomery County rent control updates and the much-anticipated rent control regulations, rental license fee increases, new housing...more

Goulston & Storrs PC

Part II: Landlord Unable to Evict Despite Tenant Defaults

Goulston & Storrs PC on

Varano v. PDJM Land Tr., LLC, 103 Mass. App. Ct. 1127 (2024) - We last wrote about Varano v. PDJM in our November 2022 issue of Law of the Land. In the first iteration of Varano, the Superior Court held that a commercial...more

DarrowEverett LLP

What Florida Sales Tax Cut Means for Florida Commercial Tenants

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Broadly speaking, according to the Florida Department of Revenue, each Florida sale, amusement park admission, storage unit and rental is taxable (unless it falls under an exemption, such as nonprofits). More specifically,...more

Ervin Cohen & Jessup LLP

Is a receiver’s property manager protected by the Barton Doctrine and quasi-judicial immunity

Q: I was appointed receiver over a manufacturing facility. I operated it for a short time and then obtained court authority to sell it. I netted $1.4 million from the sale....more

Hogan Lovells

UK landlord and tenant: what does the upcoming election mean for leasehold reform?

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As Rishi Sunak was deluged with rain announcing a general election on 4 July, those in the property world were wondering what this means for the flood of leasehold reform going through parliament. Here’s what you need to...more

Greenberg Glusker LLP

Los Angeles County Rent Relief Program: Essential Information for Residential Landlords Owning Four or Fewer Rental Units

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In an effort to alleviate the financial burdens faced by small residential landlords during the ongoing economic recovery from the COVID-19 pandemic, Los Angeles County has introduced the Los Angeles County Rent Relief...more

Morris, Manning & Martin, LLP

Unveiling The Pitfalls: The Real Risks Of Using RealPage

Over the last decade, apartment owners and managers have increasingly used algorithm-based software to set rents. This practice and its practitioners are now under scrutiny as many owners and operators are being investigated...more

Holland & Knight LLP

Florida's State Sales Tax on Real Property Commercial Leases to Decrease Effective June 1, 2024

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The Florida Department of Revenue released Tax Information Publication (TIP) 24A01-02 on April 8, 2024, indicating that the state sales tax rate on the "total rent charged for renting, leasing, or granting a license to use...more

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Roundup (5/1/24) – IMF’s Data on Housing, REITs Versus Private Real Estate, and Suburban Versus...

In our latest roundup, apartment sales fall for seventh straight quarter, raising real estate capital proves challenging, aspiring homeowners face strong obstacles, and more!...more

Brownstein Hyatt Farber Schreck

Shifting Dynamics: Changes to Landlord Eviction Rights in Colorado Under HB1098

The recently enacted HB24-1098 in Colorado introduces significant shifts in the dynamics of landlord-tenant relationships, prompting a need for careful understanding of the new regulations and procedures regarding evictions....more

Latham & Watkins LLP

German Residential Portfolios: Market Outlook

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As investors scrutinise German residential real estate opportunities in 2024, the environment looks very different from a year ago. While some large deals were executed in 2023 despite pressures in the market, the outlook for...more

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