New Rent Stabilization Allowance
Annual rent increase set at 7.3% effective July 1, 2022 through June 30, 2023
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, 2022 through June 30, 2023, the Rent Stabilization Allowance is 7.3%. 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 rental condominium units are subject to Rent Stabilization. Rent increases are limited to the percentage change in the Consumer Price Index published by the Department of Bureau of Labor Statistics for the period of March 2021 through March 2022.
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.
Please note that the following units may be exempt from Rent Stabilization upon application to the City. The exemption is not automatic and must be approved by the City.
- Rental units leased to tenants under the Housing Choice Voucher Program;
- Any rental facility where the rents are regulated under contract by a governmental agency that controls the rent levels of not less than one-half of the rental units in the rental facility and restricts the occupancy of those rental units to low- and- moderate income tenants; and
- Newly constructed rental units for a period of five years after construction.
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 email@example.com.