On March 2, 2023, Prince Georges County, Maryland adopted a law which limits the coming year's multifamily rent increases to three percent.
Read MoreThe small city of Mount Rainier, Maryland recently adopted a rent control law, which limits annual rent increases to 60% of the CPI. Unlike many rent control laws, Mount Rainier's law also recognizes landlord needs by allowing landlords to request exceptions.
Read MoreWhile rent control might limit the harsh impact of rent increases on tenants in the short run, rent control also can impede changes required for the industry to adapt to a new economic reality.
Read MoreNew York and other major metropolitan areas have had rent control laws for decades. Now some state legislatures are taking more control over the landlord-tenant relationship by passing state-wide rent control laws.
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