Maryland regulation doesn’t impose a statewide restrict on the quantity a landlord can improve lease. Which means, absent native ordinances, a property proprietor can increase rental charges as they deem acceptable, supplied correct discover is given to the tenant as required by regulation. The absence of a statewide cap differentiates Maryland from another jurisdictions with lease management insurance policies.
The absence of a most rental charge improve presents each benefits and downsides. Landlords profit from the pliability to regulate charges primarily based on market situations, property enhancements, and working prices. Tenants, nevertheless, are probably weak to vital will increase, impacting affordability and housing stability. Traditionally, discussions round lease management have centered on balancing the wants of each property house owners and renters.
