A couple of new laws of interest to landlords in Baltimore City as a result of the 2018 Maryland Legislative Session: Water Bills In single-family houses and 2-unit properties, a requirement for the tenant to pay all or a portion of the water bill must be stated in a written lease agreement. If the tenant…
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Every single-family and 2-unit rental property in Baltimore City will have to be inspected by a private third-party home inspector before December 31, 2018 under legislation set to be voted on April 16. Buildings with more than 2 units used to be inspected annually by Baltimore City Housing Inspectors at no cost to the landlord. …
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Congress and the President gave the country a huge Christmas present with the signing of the “Tax Cuts and Jobs Act” on December 22, 2017. We have all heard varying accounts about this new tax law; but what is the impact for rental property, apartment property, and commercial-investment real estate owners and managers? Our models…
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Landlords must pay 1.50% interest on residential security deposits for calendar year 2021. Interest is computed monthly. The rate is mandated by Maryland Law to be the greater of 1.5% or the US Treasury Yield Curve Rate for 1-year on the first business day of each year. Click here: https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/textview.aspx?data=yield On January 4, 2021,…
Read MoreUnless and until there is a written Buyer-Broker Agency Agreement signed with a prospective Buyer, then Ben Frederick Realty, Inc., Ben Frederick Realty, Inc. represents the Seller. Please click here to download the Maryland Real Estate Commission form “Understanding Whom Real Estate Agents Represent”.
Owning a home is a keystone of wealth… both financial affluence and emotional security.
