2022-23 TKPK Rent Report Review: $26,022 Reimbursed to Tenants for Overcharge of Rent

The City of Takoma Park’s Rent Stabilization law (Chapter 6.20) maintains the affordability of rental units in the community by limiting the number and amount of rent increases that may be charged for a specific rental unit.

Generally, the rent may be increased only once in a 12-month period, and rent increases are limited to the annual increase in the Consumer Price Index (CPI). Based on the review of the 2022-2023 Rent Reports:

• A total of $26,022 was reimbursed or credited to tenants for overcharging in rent from July 1, 2022 – June 30, 2023.
• The CPI for this period was 7.3%.

Learn more about the City of Takoma Park’s Rent Stabilization Law on the City webpage.