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Baltimore City Rental Property License and Registration – How to Register

Baltimore City Rental Property License and Registration – How to Register

Baltimore City implemented a new registration system for registering rent property, vacant property, and vacant lots.  In the past, forms and payment could be submitted by mail or by hand delivering the paper work to the One-Stop Permit Office on Fayette Street.  This year, all registration is required to be done on-line and all payments […]

2018 Legislative Update

2018 Legislative Update

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 […]

New Tax Law Affects Apartment Property Owners

New Tax Law Affects Apartment Property Owners

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 […]

Security Deposit Interest Rate for Maryland Residential Tenants

Security Deposit Interest Rate for Maryland Residential Tenants

Landlords must pay 2.6% interest on residential security deposits for calendar year 2019.  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 2, 2019, […]