Maryland regulation doesn’t impose a statewide restrict on the quantity a landlord can enhance hire. Because of this, 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 hire management insurance policies.
The absence of a most rental fee enhance gives each benefits and drawbacks. Landlords profit from the pliability to regulate charges based mostly on market circumstances, property enhancements, and working prices. Tenants, nevertheless, are doubtlessly weak to vital will increase, impacting affordability and housing stability. Traditionally, discussions round hire management have centered on balancing the wants of each property homeowners and renters.
