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
10/1/2024
/ BEPS ,
Condominiums ,
Eviction ,
Housing Market ,
Landlords ,
Late Fees ,
Multi-Family Development ,
Rent ,
Rent Control ,
Rental Property ,
Tenants
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
7/16/2024
/ Deed of Trust ,
Housing Market ,
Landlords ,
Leases ,
Proposed Regulation ,
Regulatory Agenda ,
Rent ,
Rent Control ,
Rental Property ,
Right of First Refusal ,
State and Local Government ,
Tenants
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
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
There have been a number of new regulatory developments since our prior Alert, including updates on Prince George’s County rent control, Montgomery County tenant protections, Montgomery County Right of First Refusal (ROFR)...more
4/8/2024
/ Construction Industry ,
Housing Market ,
Landlords ,
LIHTC ,
Multi-Family Development ,
Real Estate Development ,
Rent ,
Rent Control ,
Rental Property ,
Right of First Refusal ,
State and Local Government ,
Tax Abatement ,
Tenants
As noted in our prior Alert, the Montgomery County Department of Housing and Community Affairs (DHCA) published draft regulations on February 1 to implement the County’s new rent control law. By its terms, the rent control...more
If you have been following our recent Alerts, you are aware that the multifamily industry has been subject to a series of chilling legislative actions and proposals. Today’s Alert focuses on two very recent high-profile...more
Happy Holidays to all. We are still hopeful that Santa brings everyone some relief from rent control and other multifamily restrictions (we heard that the new BEPS Regulations preclude Santa from leaving coal for legislators...more
1/3/2024
/ Comment Period ,
Condominiums ,
Federal Trade Commission (FTC) ,
Fees ,
Housing Market ,
Landlords ,
Multi-Family Development ,
Rent ,
Rent Control ,
Rent Stabilization Codes ,
Rental Property ,
Right of First Refusal ,
Tenants
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
7/10/2023
/ Critical Infrastructure Sectors ,
Economic Development ,
Housing Market ,
Landlords ,
Multi-Family Development ,
Recordation Taxes ,
Rent ,
Rent Control ,
Rental Property ,
Residential Leases ,
Tenants
As a follow-up to our prior alert, we wanted to provide an update to legislative activities in the region:
New Prince George’s County Updated Rent Control FAQs. We continue to receive many questions regarding the...more
As a follow-up to our recent alerts, the Prince George’s County Council in Maryland held a public hearing Tuesday, April 25, and approved CB-51-2023, An Emergency Act Concerning Landlord Retaliation for Rent Stabilization...more
As a follow-up to our recent alert, here is an update on rent control and other legislative activities in the region...more
As a follow-up to our recent alerts, we wanted to provide an update on rent control in Mount Rainier, Maryland....more
Summary -
The Rent Stabilization Act signed into law by Prince George’s County Executive Angela Alsobrooks restricts County landlords from increasing tenants’ rent above 3 percent over a 12-month period. Separately,...more
Summary -
The Prince George’s County Council recently approved the Rent Stabilization Act of 2023 (Act), which limits residential rent increases to 3 percent for the next year. Separately, the Consumer Financial Protection...more
Summary -
Rent control remains a hot topic around the beltway, and counties in Maryland are pursuing new laws limiting rent increases....more
The District of Columbia recently announced Housing Stabilization Grants with funds from the federal CARES Act to provide COVID-19 related relief to District housing providers. Eligible landlords may be entitled to 80% of...more
Seven months of working from home (and counting), expanded business hours, restricted building capacities, and daily uncertainty. As winter begins to move into the region, it is unclear how the pandemic will affect businesses...more
Five months and counting—that's how much time municipalities and businesses have spent continually adapting to the consequences of COVID-19....more
Washington D.C. Mayor Muriel Bowser recently extended the public health emergency in DC through October 9, 2020. The effective periods for many of the provisions in DC’s COVID-19 emergency legislation are tied to the public...more
As we enter the fourth month of the COVID-19 pandemic, legislators and regulators are continuing to adapt by enacting rules for the “new normal.” Jurisdictions in the Washington, D.C., region are in various stages of...more
7/22/2020
/ Building Permits ,
Coronavirus/COVID-19 ,
Courthouses ,
Eviction ,
Judicial Proceedings ,
Landlords ,
Moratorium ,
Real Estate Development ,
Relief Measures ,
Rent ,
Virtual Meetings ,
Workplace Safety
The changing landscape of local COVID-19 legislation imposes additional requirements and restrictions on landlords of certain residential and commercial properties in the DC region....more
Commercial landlords and lenders and servicers for commercial real estate loans should be aware of recent legislation out of the District of Columbia that imposes obligations on servicers to develop and implement deferral...more