New Rent Stabilization Allowance Annual Increase – 3.4% July 1, 2024 – June 30, 2025

The City of Takoma Park law (City Code Chapter 6.20 Rent Stabilization) maintains the affordability of rental units by limiting the number and amount of rent increases charged for a specific rental unit. Generally, the rent may be increased only once in any given 12-month period.

Beginning July 1, 2024, through June 30, 2025, the Rent Stabilization Allowance is 3.4%. Landlords are required to comply with Takoma Park’s Rent Stabilization law and cannot increase the rent on occupied units any higher than this allowance.

Multi-family rental units and individual rental condominium units are subject to Rent Stabilization. Rent increases are limited to the percentage change in the Consumer Price Index (CPI) published by the Department of Bureau of Labor Statistics for the period of March 2023 through March 2024. Pursuant to the City Code, a two-month written notice must be provided to the tenant (s) before a landlord can legally increase the rent. (City Code Chapter 6.20.050(C) Notice of Annual Rent Increases).

For more information about the requirements of the City’s Rent Stabilization law, visit the Rent Stabilization webpage or contact Jean Kerr, Housing Specialist at 301-891-7216 or jeank@takomaparkmd.gov.